Inevitably, uncertainty around Brexit is affecting sentiment towards core UK property investment and this is unlikely to change until the Government is able to clarify its next steps. Market sentiment suggests that a softer Brexit or delay to the withdrawal agreement is more likely than leaving with no deal, but uncertainty is expected to prevail in the short-term. Regardless of the outcome, UK institutions are leaders on the research and innovation world stage and have a long history of working with international partners, predating any EU political and economic interventions.
Importantly, internationalisation and the resilience of higher education in times of economic uncertainty, combined with the fundamental lack of supply, continues to drive investment in the UK’s student housing market. These longstanding reputational credentials underpin the student accommodation market and its ongoing attraction for investors.
GSA Coral’s investment strategy, however, focuses on global diversification and has investments spanning six countries and 34 cities. GSA’s robust university relationships, market-leading operating platform, and best-in-class risk management positions GSA Coral to perform strongly over the coming years.
GSA Coral is optimistically looking forward to 2019 and anticipates that the next 12 months will see the fund increase its exposure to allocations across the EMEA and APAC regions, as well as potentially enter new European markets.