Altura, Birmingham – PBSA Financial Modelling

QMPF was engaged by LinkCity UK to develop a financial forecasting model to support the creation of its Altura student accommodation development at Bath Row, Birmingham which was its first scheme in the Midlands and its first off-campus, direct let scheme. The £41.5m GDV project delivers 435 beds over 12 storeys and is a mix of en-suite cluster flats and studios and extensive facilities including a large, street-facing gym; an open-plan common room area with seating, games and television screens; two study rooms; a launderette; a dance studio; and a landscaped roof terrace.

A financial model was created to support LinkCity’s appraisal process and discussions with its partner, Harrison Street, incorporating senior debt funding terms from UBS Asset Management and allowing for a range of sensitivities to be assessed on the base case. The model also includes functionality for LinkCity to update and maintain as a monitoring model during construction and operations.