In a competitive market where student expectations are higher than ever, universities need high-quality accommodation to stand out from the competition. Vercity can assist with the operational and financial management of your assets and provide expert consultancy that achieves cost consistency.
Supporting lifecycle delivery at all levels
At Vercity, we have an in-depth understanding of the challenges facing investors in the student accommodation sector. Competing priorities often mean that lifecycle works are required at short notice, while meeting all compliance standards. At Vercity, our proactive facilities management can support capital planning and lifecycle delivery at portfolio level, or as a standalone project.
We can help ensure that your expenditure is optimised and your risk exposure is reduced. By addressing the relevant technical and financial aspects of a project, we’ll ensure your asset replacement programmes are properly coordinated, controlled and supported.
With over two decades’ experience in delivering projects across the student accommodation sector, we understand the importance of keeping disruption to student living arrangements to a minimum. That’s why we’ll ensure that lifecycle works take place outside of semesters and during holiday periods, so that studying routines can continue as normal.
Adding value with strategic asset management
With universities under continuous pressure to attract new students and add value to the student experience, strategic investments are essential to refurbishing halls of residence and student living accommodation.
Through careful planning and evaluation, our strategic asset management supports the delivery of your university’s lifecycle goals and objectives. In developing a tailored action plan, we’ll identify where value can be added and where investment is required to achieve outcomes.
From replacing lighting systems, to ensuring your technology is up-to-date with the latest specifications, we’ll work closely with all parties to ensure minimum disruption and maximum value. Our comprehensive, yet flexible approach to asset management means we’ll take the time to listen to your requirements and carefully plan lifecycle works around the needs of your staff, students and living spaces.
Working together to optimise workflows
Collaboration is key to the successful delivery of student accommodation projects. To achieve positive outcomes for service users, shareholders and investors, workflows need to be optimised.
At Vercity, we can work closely with third parties to ensure projects are completed on schedule, within budget and meet all quality assurance and compliance standards.
We recognise the need for lifecycle works to be completed quickly to maximise revenue and maintain a positive student experience. Through effective collaboration with FM providers, we can help deliver repairs and replacement works at short notice and on a large scale, with minimal impact to student routines.
“With over two decades’ experience in delivering projects across the student accommodation sector, we understand the importance of keeping disruption to student living arrangements to a minimum. That’s why we’ll ensure that lifecycle works take place outside of semesters and during holiday periods, so that studying routines can continue as normal.“
Preparing your assets for handback
As Private Finance Initiative (PFI) projects near expiry, your assets will need to be handed back to the public sector in good condition to support the provision of services thereafter.
Our project managers can help you plan and hand back your assets in the most effective way possible. In employing a transparent process and keeping communication channels open with the public sector, we’ll ensure you meet your contractual obligations, whilst planning for the post-concession future of the asset.
Throughout the handback process, we can scope what action is required and identify and address any issues as efficiently as possible. We can also handle the legal workstream, ensuring you fully understand the contractual requirements. In managing the delivery, monitoring and sign-off of the asset, we’ll ensure all the necessary documentation is finalised and prepared for transfer.