CB1, Cambridge

Cambridge

Active

CB1, Cambridge

PBSA

City

Cambridge

Client

Institutional UK Fund

Service

Lot Size / Asset Size

A 511 purpose built student accommodation scheme in Cambridge City Centre. Subject to a nominations agreement for 30 years from September 2012 to Anglia Ruskin University. Mutual options to break at year 16, 20 and 25.

Service

Operational Oversight
Revenue Enhancement
University Partnership Agreement

AREA in Action

Operational audit and nominations agreement review.
Total additional revenue identified of +6.0% including recharges for utilities and internet provisions.
Identified operating cost savings (6.5%) versus requirements set out in the nominations agreement.