Student Accommodation Impact Investment Nigeria (SAIIN) in partnership with the International Finance Corporation (IFC) the private sector investment arm of the World Bank Group and other institutional investors set-up an investment platform ZAR150m (US$8.96m equiv.) equity investment in the development, construction and management of world-class affordable student accommodation in select Nigerian public sector and private sector owned universities to build the affordable “Purpose Built Student Accommodation”(PBSA).
Our Prospective Clients contribute land to the platform inside the university which would be the equity contribution of the university. We would mobilize all the required funding to develop and construct the accommodation and manage post-construction.
The details including the structure and proposed economics will be discussed on a case by case basis.
Most students currently reside in substantial accommodation and overpay for them apart from the risk it exposes them to daily.
OUR VISION
To be a market leader and transform the purpose-built student accommodation (PBSA) landscape in Nigeria.
OUR MISSION
To deliver best-in-class and world-class affordable and purpose-built student accommodation to a select group of Nigerian, public and private universities.
OUR VALUE PROPOSITION
- Best in Class
- World Class
- Affordable and purpose-built student accommodation
OUR TARGET CUSTOMER
The 213 universities and polytechnics that educate over 2.4m students as of December 2021 up from 141 institutions in 2015.
WHAT MAKES US UNIQUE
- SAIIN seeks to mobilize institutional capital from leading global development financial institutions (DFIs) and local institutional investors to conceptualize, develop and manage purpose-built student accommodation in some of the largest public tertiary institutions in Nigeria.
- The overriding objective is to bring to market new stock of purpose-built accommodation constructed with the most recent design taking into consideration green technologies and aesthetics to contribute towards addressing the challenge of acute shortage of student accommodation in the Nigerian tertiary institutions.
- The goal is to bring new developments of between 10,000 to 20,000 beds to the market within the next 5 years.
OUR PARTNERS
SAIIN was established by a group of sponsors with a proven track record of real estate construction, development and management in Nigeria and South Africa in general and in purpose-built student accommodation in particular.
The sponsors of SAIIN include:
- Talent Apartments, a student accommodation development and management company that currently manages a PBSA portfolio of over 180 rooms in Ibadan, Oyo State, inclusive of a 150-bed recently completed new student hostel in University of Ibadan (UI).
- Eximius Properties, an established real estate developer in South Africa with a 10 year track record of property development.
- Brunel Construction, a leading construction and engineering company in Nigeria.
- Natuhab, a well-established architectural and project management company that has delivered projects for some of the largest multinationals in Nigeria.