The Kexgill Group reports strong financial growth

The Kexgill Group has reached a £200m asset value 12 months earlier than forecast shown by the latest RSM published accounts.

Kexgill's Nottingham manager Holly Van de Velde riding a Raleigh Chopper, celebrating the forward letting of the operators new Raleigh House PBSA in Nottingham | The Kexgill Group | University Quarter | PBSA News
Kexgill's Nottingham manager Holly Van de Velde riding a Raleigh Chopper, celebrating the forward letting of the operators new Raleigh House PBSA in Nottingham.

Private student accommodation operator The Kexgill Group, trading as the University Quarter® in the UK and Kexgill Immobilien in Germany, has announced that it has seen a 9% increase in Gross Asset Value and 11.5% in Net Asset Value in its latest financial year. 

The University Quarter® operates in nine university locations including Liverpool, Newcastle and Nottingham. Kexgill Immobilien has multi-family blocks throughout North Rhine-Westphalia in Germany.

“Affordability of accommodation is continuing to be an issue for many students. Our portfolio generally sits in the medium range of rental values notwithstanding realignment and improvement in our stock. This aspect of our expertise and portfolio is considered advantageous to our market position, resulting in recent university led bed nominations and partnerships.

“There are undoubted financial pressures within the UK higher education sector and rather than talk up selective shortages in student accommodation, we are proactively looking at areas where we can future proof some universities affordable provision. Ever more expensive international targeted accommodation is not sustainable medium term. We see university collaboration as a significant driver in our safe growth.” 

Richard Stott, Managing Director, The Kexgill Group

This news follows a number of announcements made last year that includes the company securing planning permission for its Raleigh House PBSA scheme, reaching completion at its Larch House PBSA scheme, winning the Investor of the Year award, and the Group returning to the German PBSA market after 15 years.