Our very first session of 2019 had a pan-European focus featuring three panel discussions. In addition to a panel focused on the UK higher education and PBSA landscapes in times of uncertainties surrounding Brexit, there was a panel on the PBSA markets in The Netherlands, Germany, Ireland and the Nordics, and a panel on France, Spain, Portugal and Italy.
- Working and learning pathways are no longer linear. We are in a time of jenga stack life pathways, blurring the lines of living, learning and working.
- Cities are becoming assets and the triple helix of knowledge, private and public partners are the only way to future proof talent attraction and retention.
- While there has been an increase in the number of international applications for UK higher education, admissions of international students is contracting.
- Policy is being walked back and visa/post-study work is becoming a key consideration for students and institutions. Drivers such as English Taught Programmes, cost of education and housing affordability are making the European market ever more attractive for international students.
- Capital growth and rental growth are interlinked. We need to create assets that can generate appreciation and returns at three levels: the asset, management and place.
- Alternative real estate investments have become the new core. The future reflects placemaking, multi-use facilities, management of space and technology to optimise the product.
- One of the emerging questions is the influence of elasticity between rent and proximity to campus. Affordability, accessibility and diversification remain key themes and issues for providers and students.
The UK panel discussed the changing PBSA landscape in the light of current debates/concerns around international higher education in the UK. Administrators at universities and colleges across the UK have been spending the past 2 years in suspense as they prepare for Brexit and uncertainties surrounding fee status after the announcement of Brexit. How do higher education institutions prepare, can we expect a surge in EU-based branch campuses, and what does this mean for demand in the PBSA industry?
Investment panel: Germany, The Netherlands, Ireland and the Nordics
This panel discussion focused on PBSA investments and operations in Germany, the Netherlands, Ireland and the Nordics: major new projects and transactions, yields/ROIs, demand-supply imbalances, differences in investment interest by location, shifting student demands and product type.
Investment panel: France, Spain, Portugal, Italy
This panel discussion focused on PBSA investments and operations in France, Spain, Portugal, Italy: major new projects and transactions, yields/ROIs, demand-supply imbalances, differences in investment interest by location, shifting student demands and product type.