Boutique Singapore real-estate fund manager QIP is banking on co-living, student accommodation in UK and US
- QIP and its principals manage and execute about US$100 million in co-living spaces, £120 million in student housing
- CEO says student housing, co-living in UK and US can weather economic uncertainty much better than residential property
Despite fears of a no-deal Brexit and global economic slowdown, Peter Young, co-founder and chief executive of Q Investment Partners (QIP), believes there are still bright spots when it comes to property investment opportunities in the United Kingdom and the United States.
In particular, the Singapore-based boutique real-estate fund manager is adding co-living to its property portfolio. At the same time, it is also ramping up its student housing portfolio with properties in Bath, Edinburgh, Nottingham and Sheffield.
QIP and its principals currently manage and execute about US$100 million in the co-living space and £120 million (US$151 million) in student housing.
He said both the student housing sector and co-living segment in the UK and US are asset classes that can weather economic uncertainty much better than residential property.
In key cities such as London, where residential property remains unaffordable for many, he said co-living offers a good alternative to residents and investors alike. “The co-living sector is also addressing changing demands of tenants as well as housing issues. Co-living fills a gap by providing convenience, connectivity to workplaces, city living and community,” he said.
