New investment opportunity in Abuja

Student accommodation is currently the fastest growing and most profitable sector in the UK property market and has been growing in popularity over the past decade as other investments have struggled to impress during tough economic times. From humble beginnings this sector is now worth $200bn globally.  Due to its international appeal, sale of UK […]

Student accommodation is currently the fastest growing and most profitable sector in the UK property market and has been growing in popularity over the past decade as other investments have struggled to impress during tough economic times. From humble beginnings this sector is now worth $200bn globally.  
Due to its international appeal, sale of UK student accommodation has been brisk in regions such as Jordan, Singapore, Hong Kong and Qatar. Until recently it would have been difficult for Nigerians to access this opportunity as it was not readily available in the country. However, that has all changed now that Anglo-Nigerian Company, Wrothams & Windsor Ltd, has set up an office in Abuja to do just that.
It was clear to Wrothams & Windsor’s founding partners, Richard Vedelago and Paul Little, that there was a distinct lack of confidence among Nigerian investors in property markets that had shown diminishing returns since the 2007 credit crunch. Having heard of several property schemes that had received significant Nigerian investment but failed to complete, Vedelago and Little decided to act. They believe that wise investors have learned from these unfortunate situations and are now looking for secure investments that guarantee a healthy return.
The demand for UK student accommodation proves this point. With over 300 student properties in their portfolio, they still have to add 60 additional properties each month to meet the demand of Nigerian investors. Vedelago, from Abuja, told us that it’s not just the high net worth Nigerian investors who can benefit from this great opportunity, but those from all walks of life, as prices start from less than 12 million Naira.
“After seeing what the company offers, people are comparing what they get from the Nigerian Stock Exchange or their local bank accounts and moving their money into UK student property,” added Little.
The next opportunity to become part of the UK student accommodation revolution is coming soon. Wrothams & Windsor, with the West Africa HQ in Abuja and second office in London, has announced their next expo in Abuja next week which will showcase their latest offering: eight per cent net yield assured for five years in the University City of Liverpool.