Fri, 04/04/2014 - 12:03
Crosslane Fund Manager has appointed Lee Jones to head up its new offices in Dubai.
One of Jones’ primary roles will be the continued promotion of the Victus European Student Accommodation Fund, supporting advisers in the UAE and enhancing awareness of the fund across the region.
Lee has extensive financial sector experience and has worked in the region for more than five years.
Mark Stubbs at Crosslane says: “Establishing a UAE office was the next logical step in growing Crosslane’s worldwide presence. Investors in the region recognise the extremely attractive investment opportunities in Europe’s top university cities and we want to provide them with the best access possible. It is Crosslane’s aim to become the primary point of contact for investors wishing to access the European Student Accommodation sector and Lee will spearhead the growth of this office.”
The number of students studying abroad has risen from 1.75 million to more than three million since 2000. This number is forecast to more than double again by 2025 to 7.6 million.
Victus offers investors an opportunity to invest in an open-ended European Student Accommodation Fund, blending a mixture of mature property together with development opportunities. The properties are located in the major university cities in Europe, let and managed by experienced professionals, taking advantage of prospects for robust income coupled with excellent growth potential.
Jones says: “I welcome the challenge of managing Crosslane’s operations in UAE. The student accommodation market in the major University cities in Europe represents one of the best opportunities to take advantage of assets which offer not only strong rental yields but also the real prospect of long term capital growth. A significant presence here in Dubai will enable us to provide the level of support that the multiple financial institutions have come to expect from Crosslane.”
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