Westbrooke Stac (‘Student Accommodation’) is a fully tax-deductible investment into a portfolio of property-backed student accommodation operations situated in strategically located student hotspots across South Africa. The investment aims to provide investors with a return in excess of c. 17% per annum (after fees and investor exit tax). Westbrooke Stac has deployed over R300 million into 8 student businesses across South Africa, with investor returns having been in line with targets to date. Westbrooke Stac has a strong pipeline of opportunities across a variety of partners for the deployment of future capital.
|100% tax deductible in the year of investment|
|A portfolio of income-generating student accommodation properties in partnership with established and reputable student accommodation operators that have proven track records in the industry|
|A c. 10% – 11% dividend yield based on the net investment (paid semi-annually)|
|A strong capital growth underpin driven by c. 5% per annum rental escalations in the underlying properties (as a conservative base-case assumption), as well as the potential for yield-compression on exit|
|A defined exit after 5 years, through either a listing, sale to a REIT or open-market disposal|
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