Overview

Westbrooke Stac Preferred is the next phase in the evolution of Westbrooke’s successful c.R900 million Westbrooke Stac investment strategy. In the context of a challenging economic climate, Westbrooke Stac Preferred is a fully tax-deductible investment which seeks to reduce risk and enhance alignment by investing in a preferred position in the student accommodation equity capital stack. This is achieved by co-investing alongside experienced, reputable student accommodation operators into a portfolio of geared property-backed student accommodation operations situated in strategically located student nodes across South Africa, in transactions whereby investor capital ranks ahead of that of our partners. Westbrooke Stac Preferred aims to provide investors with a return of c.15% per annum (after fees and investor exit taxes).

 

Westbrooke Stac Preferred is only available through the fully paid B Share class, which requires investors to pay 100% of their subscription amount prior to the 30 June 2021 sunset date. No up-front fees are applicable and investors enjoy full economic entitlements on their investment from 1 July 2021.

 

invest before the end of June 2021 to reduce your taxable income for the February 2022 tax year end

Key investment
highlights

100% tax deductible
Co-investment alongside best of breed student accommodation operators with track records of success
Preferred equity investment positioning reduces risk and enhances alignment with partners, who stand as first loss capital
Investment into a portfolio of income-generating, geared student accommodation properties across South Africa
Targeting a c.7% annual dividend yield based on net investment (gross investment less the tax deduction) which is payable semi-annually
Participation in a strong capital growth underpin, driven by annual rental escalations in the underlying properties
Exit after 5 years, through either a listing, sale to a strategic buyer / partner or an open-market disposal

investment insights

This video gives you the opportunity to hear directly from our existing student accommodation partners and provides insights into the type of businesses that Westbrooke Stac Preferred may invest in, as well as their impact on the SA economy and job creation.

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