Affinity Living Riverside, Manchester Brochure by CSI Prop (Cornerstone International Properties)

Riverside A RESIDENTIAL INVESTMENT IN MANCHESTER

PRIORITY ACCESS TO AN EXCITING NEW OPPORTUNITY. ONLY AVAILABLE TO AN EXCLUSIVE SELECTION OF OUR INVESTORS.

Platinum phase pre-launch Prior to a wider pre-launch and an international public launch, you have exclusive access to

This is an exclusive product not yet available on the open market:

Sales Phases PLATINUM – EARLY MARCH 2016 development situated in the centre of Manchester – the city offering the UK’s highest yields and strongest growth prospects. Full of exclusive facilities and fully managed to appeal directly to the UK’s rapidly growing rental market, from Select Property Group’s new property brand.

PRE-LAUNCH – MID-MARCH 2016 PUBLIC LAUNCH – EARLY APRIL 2016

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An award-winning approach in the residential sector A NEW BRAND FOR A NEW RESIDENTIAL MARKET

investment brand.

on customer satisfaction. The Riverside development spans 188 apartments, 16 storeys, and every square cm growing rental generation. This is a new Select Property Group brand exhibiting the same award-winning, proven principles that have made Vita Student and CitySuites investment must-haves and revolutionary market leaders.

FOCUS ON THE CUSTOMER

the ultimate accommodation for that market. We can do this because we control every element of the investment from the sourcing of the location, through the design and via the ongoing management. THE NEW OPPORTUNITY TO OWN MARKET-LEADING ASSETS By focusing on a customer, Select Property Group brands have become very successful: Vita Student’s proven commercial success • 11 existing developments with in excess of 2,000 properties • 100% tenancy in all complete Vita Student properties to date • Achieving 25% rental premium above market average • A rebooking rate 59% higher than the industry average • Multiple national and regional awards for service excellence

Vita Student is no longer available to private investors and future developments will be retained by the Group. Investors who from strong returns and excellent growth as Living offers an excellent second chance to replicate this success. Such chances to get ahead of the rest of the investor community rarely happen, but we have a new customer-focused product that affords you another opportunity. A MARKET 10 TIMES LARGER AND A REFINED PROCESS rented sector that at 20 million strong is ten times the size of the student market and is growing at its quickest rate ever. Having of Vita Student, Select Property Group is ready to lead this market and provide you with an unmissable opportunity. This is truly a limited chance to capitalise on the considerable generational shift in the rental sector and secure a high-performing investment asset.

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THE BIGGEST OPPORTUNITY EVER IN THE RENTAL SECTOR

The market: Ever expanding, ever demanding THE BIGGEST OPPORTUNITY EVER IN THE RENTAL SECTOR

Demand for rented accommodation has increased by 17,500 per month over the past decade and the UK’s private rented sector is currently at a record size. And it’s a young market: almost 60% of 20 to 39-year-olds in the UK will be privately renting by 2025.

THIS IS GENERATION

Generation Y is a renting generation and their preference is changing the UK’s property market.

GENERATION Y: THE FUTURE OF THE UK’S PROPERTY MARKET • Do not want to be tied down with longterm mortgages • Career-focused; they stay in roles for shorter lengths of time as they progress

To them renting is the norm, it’s their way of life, but the UK’s current ‘normal’

•

their way of life and isn’t prepared for this generational shift.

• Prefer to live in dense, diverse urban villages

The buy-to-let approach of taking standard residential housing and making it available to this market is no longer viable, it doesn’t suit Generation Y, it doesn’t suit the government, and it doesn’t suit investors. The next era of rental accommodation belongs to build-to-rent and Generation Y.

later in life

• Demand ceaseless access to technology and fast-paced information • Professional and educated, with a good work-life balance • Value practical amenities that make living easier • No expectation to own a property –

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BRANDED INVESTMENT: LOW TENANT TURNOVER, HIGH RETURNS

HOW IS THIS IMPLEMENTED ACROSS THE BRAND BUILDINGS?

PROVIDE SERVICES THAT MAKE PROFESSIONAL LIFE EASY

As Select Property Group investors know, branded investment adds value by maximising a development’s ability to be b o th hig h-p e rfo rming a nd re la tive ly lo w risk.

UK apartments do not to help streamline the working day and maximise leisure time.

Like Vita Student, the success begins with the end customer:

Unlike any other build-to-rent project, it’s the brand’s mission to deliver accommodation that extends beyond an apartment into the whole living environment. All spaces are designed to encourage social interaction and amenities make living easy.

• We appeal directly to Generation Y and those of a shared mind-set.

AFFINITY LIVING OFFERS RESIDENTS A SENSE OF OWNERSHIP

• We offer a proposition that cannot be found elsewhere – even in the build-torent market.

The brand: It’s about living, not renting

• We achieve high levels of customer satisfaction, so residents opt to live and stay with us. • With tenant turnover low, occupancy levels and ROI will always be high. • With a brand widely recognised for its customer satisfaction, our accommodation can command premium rental rates.

Generation Y may not equate success to homeownership or have any expectation to own a property, but they do want a home. Their home. Uniquely in the market, we recognise the ability to decorate, personalise and furnish a place is essential to human satisfaction. 5 TIMES MORE SHARED SPACES TO ENCOURAGE A SOCIAL COMMUNITY Most build-to-rent schemes attribute very

• Manned cold storage makes online shopping simple • A full range of utilities are ready and waiting. Residents need • Dry cleaning and laundry can be dropped off in the morning and picked up freshly prepared after work • Further storage areas for possessions residents don’t want to keep in their apartments TECHNOLOGY TO ENHANCE LIVING It’s a given that the social generation what to surround themselves with technology. So we do, excellent mobile phone and Wi-Fi reception, USB ports and charging tables, interactive message

own app.

of a screen and provides: food delivery noti cations, utility usage updates, a group chat function, the ability to reserve facilities and services, maintenance noti cations and push promotions.

MANCHESTER AND AFFINITY LIVING RIVERSIDE IS WHERE BUILD-TO-RENT WILL BEGIN Manchester, given its market fundamentals, is the ideal city to launch

Manchester: The epicentre of build-to-rent

NUMBER 1 INVESTMENT CITY • £8.2 billion commercial investment – the highest amount for any regional city – CBRE • The top regional city for property investment – Savills

AFFINITY LIVING WILL LAUNCH IN ONE OF THE UK’S MOST UNDER-SUPPLIED MARKETS.

DEMAND:

SUPPLY:

THE FASTEST GROWING GENERATION Y CITY

A NEED FOR 4,000 UNITS A YEAR. A PIPELINE OF JUST 1,471

• The city’s population is rising quicker than any city outside of London and 2.85 million people will live there by 2025 – 89% of this new population is Generation Y. • It means over 60% more 25 to 29-year-olds live in Manchester than the UK average. This Generation Y market accounts for 22% of Manchester’s overall total population, almost 4 times the national average. • A huge 85% of people living in Manchester city centre now privately rent and 70% of the population is classed as BINKY – Big Income, No Kids Yet.

• City targets state Manchester needs 4,000 new units a year to house its rapidly growing Generation Y market. • Only 1,417 annual units are set for delivery over the next eight years. • Two-thirds of this supply is still subject to planning.

• Highest property yields in the UK – HSBC • The best place to invest for the next decade – House Simple MANCHESTER: THE POWERHOUSE OF THE NORTH Manchester is the city central to the £56 billion plans for the Northern Powerhouse: • “A collection of northern cities combined they can take on the world” – George Osborne • A £56 billion increase in GVA

• 58% of graduates from the Greater Manchester universities enter employment in the local area. That’s almost 20,000 new workers a year. Every year.

• Multinationals and governments from the UAE, Malaysia, Singapore and China have already secured assets

• Aspirational and career-focused young people are naturally drawn

• UK government has invested £13 billion to improve the transport infrastructure

70,000 new jobs will be available to them over the next decade.

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The £50bn purpose-built solution

WHY TENANTS WANT BUILD-TO-RENT Build-to-rent accommodation syncs with city centre life and its city centre life close to work and social hubs aspirational renters want. Like-minded neighbours and musthave modern facilities are included, while maintenance worries aren’t.

Build-to-rent takes standard purpose-built rental stock and offers more facilities and amenities than are available in the average residential tower. This dedicated rental accommodation will form a new UK property sector worth £50 billion.

WHY THE GOVERNMENT WANTS BUILD-TO-RENT The government has introduced a series of new legislation it envisages will reduce the level of buy-to-let home purchases in the UK. This frees up properties for owneroccupiers and halts the amateur landlord industry, creating a more professionally regulated rental sector. WHY INVESTORS WANT BUILD-TO-RENT Rents in the UK’s private rented sector remain at record highs due to the huge rental demand, but buy-to-let is broken. Build-to-rent is the necessary replacement and, as it is predicted to be worth £50 billion by 2020, it represents the next rapid growth curve in UK property.

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Riverside RIVERSIDE LIVING AT THE HEART OF THE CITY CENTRE Rising beyond the banks of the adjacent exclusive waterfront, city centre lifestyle. The residenceâ&#x20AC;&#x2122;s verdant public realm terrace is connected via a riverside footpath to Manchesterâ&#x20AC;&#x2122;s current premier social and the site is the prime Manchester location for city centre workers and residents.

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Positioned for city centre lifestyles

VIC TORIA ST A TION

URBIS 0.7 miles (13-min walk) Social & entertainment

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ARN DALE CENTRE

CH AP E L ST

SALFORD CENTRAL STATION 0.1 miles (2-min walk)

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OXFORD ROAD STATION 1 mile (20-min walk)

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DEANSGATE STATION 0.4 miles (8-min walk)

PALACE THEATRE 0.8 miles (16-min walk) Social & entertainment

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WH IT WORTH S

MEDIACITYUK 2.3 miles (13-min drive) Commerce centre

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BRIDGEWATER HALL 0.7 miles (13-min walk)

MANCHESTER CENTRAL

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MANCHESTER ART GALLERY 0.5 miles (10-min walk)

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NORTHERN QUARTER 0.9 miles (18-min walk) Social & entertainment

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SPINNINGFIELDS 0.3 miles (5-min walk) Commerce centre

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ROYAL EXCHANGE THEATRE 0.5 miles (10-min walk) Social & entertainment

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TOWN HALL 0.6 miles (11-min walk) Commerce centre

ST. AN N’S SQUA RE

DEANSGATE 0.4 miles (6-min walk) Commerce centre

HA SELFRIDGES LD O 0.5 miles (10-min walk) Retail centre

HIGH S

LOWRY HOTEL 0.1 miles (1-min walk)

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PRINTWORKS 0.7 miles (14-min walk) Social & entertainment

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HOUSE OF FRASER 0.3 miles (5-min walk) Retail centre

MANCHESTER ARENA 0.7 miles (14-min walk) Social & entertainment

UNIVERSITY OF MANCHESTER 1.3 miles (26-min walk)

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Riverside Private dining room – customers can invite, entertain and cook for up to 20 people.

AFFINITY LIVING RIVERSIDE EXCLUSIVE AMENITIES As well as the exclusive city centre lifestyle and waterway with luxury services and amenities. Unlike other build-torent apartments anywhere else, all its exclusive features – gyms, private dining rooms, and cinemas – are designed to encourage residents to put down roots and renew their tenancies. ROOMS LARGER THAN MARKET STANDARD

footage than market competitors.

obtrusive walkways and ensures no area of the apartment is wasted. There is no more apparent example of this methodology properties. They have been designed to maximise market appeal by offering equal bedroom and bathroom sizes so individuals can share space evenly.

Movie room – residents’ own private cinema where they can watch their favourite classic or join in scheduled movie marathons.

FURNISHED TO MAXIMISE RENTAL APPEAL

apartments are furnished to maximise their appeal to prospective renters. High-quality beds, mattresses, bedside tables, fridges, freezers, dishwasher and micro-waves are provided. This ensures properties are turnkey ready, but also affords Generation Y tenants the space to bring small appliances, furniture and decoration to their home and create the sense of ownership they value.

Gymnasium – in a fast-paced, city centre life, residents can begin the day with a workout without leaving the building. Living room – a public space that encourages people to take a

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Early access: Platinum launch phase availability 3 INITIAL PLATINUM PHASE FLOORS

EXCLUSIVE VIP OFFER

for Select Property Platinum VIPs. They

Individual investors have very few opportunities to purchase buildto-rent property. The investment is exclusively available only to existing Select Property Group investors at this stage.

Living offering. This means Platinum launch phase investors have early access to the

the end of the sales process.

2-YEAR RENTAL ASSURANCE

return. For two years while the development establishes itself in the market, you will receive assured rental yields of 6% NET. This is around 50% more than the standard UK residential yield of 4%. The assured 6% is the absolute minimum you will receive during the

A SIMPLE, STRUCTURED EXIT PLAN OPPORTUNITY Given the universal appeal of the UK’s massive residential market exit is simple. There are three options: 1: Selling at any time via your preferred estate agent

STAGED PAYMENT PLAN: 50% ON COMPLETION As with all Select Property Group investments, investors retain 50% of their capital until completion:

2: Re-sell via us to our database of engaged investors

£5,000 reservation fee now

25% on exchange – expected June 2016 created a high-returning third option:

A number of institutions are currently interested in purchasing entire development to these prospective institutional buyers after two years of fully let operation – when institutional buyers believe the building has reached its most valuable.

25% 12 months later – expected June 2017 Balance on completion – expected March 2018 EXAMPLE PURCHASE OF £150,000 APARTMENT

This exit plan enables our investors to share in the premium achieved from the institutional purchase.

£5,000 when you reserve

It means:

£37,500 in 2017

• After the second year of operation, you can sell your asset at a 30% uplift on your initial investment.

£70,000 in 2018

• A £150,000 unit will earn you almost £22,500 a year, for two years, purely from capital appreciation. However, you are able to sell your asset at any point on the open market and should the structured exit not take place the investment high returns from your city centre apartment.

£37,500 on exchange

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