Post on 17-Apr-2020
transcript
>> Enriching the lives of young South Africans
STUDENT ACCOMMODATION
The need for affordable student accommodation is greater now than ever before, especially after the announcement of free tertiary education.
Funding for education is increasing. The government
will finance R57 billion for the free education of an
estimated 1.1 million students from low-income
households over the next three years. Significantly more
education finance will also be allocated to students by
the National Student Financial Aid Scheme (NSFAS) as
free education is gradually phased in. It is set to increase
a massive 51.6% a year, from R10.1 billion in 2017 to
R35.3 billion in 2020/21.
A boost in funding means a boost in student numbers.
Undergraduate students supported by this financial
aid scheme could grow from 230 000 now to over 1.12
million by 2019 while technical and vocational students
could grow from 230 000 to 1.14 million.
This is in addition to an already growing number of
students. The social change in our country including
gradual population growth, an expanding middle class
and greater urbanisation over the past two decades has
driven an increasing trend in student enrollment in higher
education institutions.
Currently there is not enough beds for students and
because of the shortage, many students are forced
to stay in accommodation which is inadequate. The
Heher Commission of Enquiry, 2017, revealed that
a report on the state of student accommodation at
contact universities found that much of it did not even
meet basic health and safety requirements. Only 20%
of students can be accommodated in official student
residences, with fewer than 108 000 beds for some 535
000 students.
For students of technical and vocational education
and training colleges (TVET), accommodation is
essentially non-existent. These students mostly come
from rural areas, and travel hundreds of kilometres
to their nearest college. The lack of information
the commission could find about lodging for these
students is in itself a sign that there is little formal
accommodation. A survey of 50 public colleges revealed
that 10 250 beds are available for 710 000 registered
students – a mere 1.4% or 1 in 70 students. The demand
for accommodation from these students is enormous.
SO, WHY STUDENT ACCOMMODATION?
ii CITIQ
Beds in affordable private student accommodation 3,000+
CONTENTS1. So, Why Student Accommodation ........................................ii
2. Making the Difference ............................................................. 1
3. Say Hello to Citiq ...................................................................... 2
4. Our Team .................................................................................... 3
5. Our Services .............................................................................. 4
6. Our Buildings/Projects ............................................................ 5
7. Our Growth ................................................................................ 7
8. Get in Touch ............................................................................. 9
iiiCITIQ
There is and will continue to be a great demand for affordable student accommodation. We’re here to help and lead the way.
MAKING THE DIFFERENCE
So, how do we fix the shortage of affordable student accommodation?
The Heher Commission of Enquiry, proposed options for
student accommodation development to cater for between
50% and 80% of the student population; and estimate the
cost and time to be R147 billion over a 15-year period.
Thereafter an estimated annual growth of 5% is required
per annum to ensure additional demand is covered. This
doesn’t begin to consider the R2.5 billion to cover a backlog
in maintenance or a further R1.9 billion to update existing
residences so they are fit-for-purpose.
The solution for government alone is near to impossible.
Thus, the real solution is a combination of:
- Private Finance development and operation
- Public Private Partnerships
- Private Partnerships, and
- Precinct Development
This is where Citiq is making a huge difference. We are
working with higher education because we know that
collaboration is the key to opening the door to student
accommodation.
1 CITIQ
Say Hello to CitiqCitiq is a specialist and leading owner-operator of affordable
student accommodation, with residences ranging from small
single locations to multi building sites. Citiq aspires to be the
leading affordable student accommodation provider and manager
in South Africa, enriching the lives of young South Africans and
building a better future for all.
With more than 3,000 beds and an ambitious target of 10,000 new
beds by 2023, we plan to acquire and build even more affordable
student accommodation to help improve access to education.
We also provide our uniquely specific expertise to manage client-
owned student accommodation.
We are driven to provide affordable student accommodation
with open and honest business practices fueled by our
values:
We apply leading practices in student accommodation asset
management by placing sustainability and unparalleled student
satisfaction at the heart of our affordable operating model.
In short, we create accommodation that is both economically viable
and socially enhancing.
INNO
VATION
COMMUNITY
EXCELLENCE
SIMPLICITY
INTE
GRIT
Y
2CITIQ
Nicolaas Erasmus ACTING CHIEF EXECUTIVE OFFICER
Nicolaas have gained extensive
experience in physical asset
management in both major
plant operations such as mining,
manufacturing and processing, and
facilities management in health care
and Public Private Partnership (PPP)
development and operations projects.
He is experienced in management of
multi- functional teams for operation
and maintenance as well as project
management and execution through
the various senior management roles
he held. In his capacity as a consulting
engineer, he has successfully executed
Enterprise Architecture projects at
client sites across different industries
ensuring formulation and optimisation
of business processes. He is further
experienced in the facilitation of job
profiling and resource capability
mapping for the optimisation of
resource utilisation in new Enterprise
Ontology defined in a drive for achieving
Operational Excellence.
Our expert team has years of experience in foresight, innovation,
strategy and business development.
Chris van Rensburg
CHIEF FINANCIAL OFFICER
Chris is a CA(SA) with international experience, leveraging from his 15 years of work experience in the financial services, construction and property development sectors. Chris is an active person and is passionate about road-and trail running.
Robert BodeBUSINESS AND
FINANCIAL ANALYST
Skilled in business improvement, asset management, financial due diligence, funding, acquisition & sale of properties, corporate management, industry & financial analysis.
Craig BarureGENERAL MANAGER
STUDENTS
Extensive experience in student property development and management. Manages the largest purpose-build student accommodation in South Africa.
Talha AshrufOPERATIONS
MANAGER AND QS
Proficient in construction and building cost management, value-engineering, cost-saving strategies and Project Management.
Euline FerreiraHR MANAGER
Extensive experience in industrial relations, recruitment, policies & procedures, payroll administration, employment equity, employee wellness, training & development, performance management,
Charl-Stephan Nienaber
TECHNICAL MANAGER
Passionate about technology, innovation and IOT, energy-efficiency and green-building solution management. Detailed-orientated engineer, focussing on continuous improvement and maintenance project planning.
Brandon WagnerCUSTOMER
RELATIONS MANAGER
More than 20 years’ experience in customer relationship management and engagement on all levels, collection and revenue management. Extensive Industry Experience
OUR TEAM The Citiq team comprises talented people who are leaders in their field and who have a diversity of skills, knowledge and expertise as well as property industry experience.
3 CITIQ
Asset Management Property Management
OUR SERVICES
Citiq offers an end-to-end operating model that covers the full spectrum of property and facility
management. As well as managing the student accommodation that we own, we also work with like-minded
student accommodation providers to manage their buildings. We create value by providing:
Leasing and Placing of students
Active Utilities Management
Valuations
Strategic Management to increase performance
Policy and Procedures implementation
Acquisitions and Disposals
Compliance
SecurityStudent Property Conversions
Long term forecasting and cashflow
Space & Yield Enhancing Projects
Financial Analysis
Entry and exit
Reporting and Dashboards
Supply chain optimisation
Cleaning
Minimum norms and standards assessments
Energy optimisation projects
Capex intensive initiatives
Feasibility and research studies
CollectionDue diligence
Marketing
Funding negotiations
Repairs and maintenance
Tenant Relationship Management
Risk Management
4CITIQ
OUR BUILDINGS/PROJECTS
The single largest private residence in the country with
2,301 beds housing TUT students.
This purpose-built student village consists of 24 blocks
and 342 apartments directly linked to the Pretoria West
TUT Campus by an access-controlled footpath.
Amenities:
Retail shop and take-away
Canteen Lounge Laundry rooms Study rooms
Storage Lapa and pool area
Basketball court Soccer field Garden spaces furniture
A women’s-only residence with 232 beds housing
students from WITS University.
This recently refurbished modern residence is a short
walk from WITS. It is strategically positioned at the heart
of the JDA’s Rissik Street Promenade improvement
project, that is enhancing the aesthetics of the
immediate area.
Amenities:
Retail shop and take-away
Canteen Lounge Laundry rooms Study rooms
Ekhaya Junction377 Weir Street, Pretoria Gardens
YW Junction128 De Korte str, Braamfontein
WiFi
WiFi
5 CITIQ
A landmark student hostel with 374 beds housing
students from WITS and UJ.
These silos in Newtown have been converted to a
14-storey student hostel in a landmark Johannesburg
building.
Amenities:
Rooftop entertainment
area with city views
Transport to UJ and Wits
campuses by a regular
shuttle service
Common areas each floor
Laundry rooms Study rooms
Two adjacent properties with 142 beds housing
students from UJ.
A conventional apartment building with 61 beds and
an adjacent three-floor container building developed
by Citiq with 81 beds that are within an easy walking
distance of UJ’s Kingsway Campus.
Amenities:
Basement and ground floor
parking
Office and entertainment
area
Common areas each floor
Laundry rooms Study rooms
Mill Junction60 Carr Street, Newtown
Umhlanga Junction (UJ) & Extension (UJE)
136/138 Caroline Street, Brixton
* Apartments are fully serviced and furnished. Wifi and utilities included.
WiFi
WiFi
6CITIQ
Our growth
Citiq plans to grow its affordable student accommodation
portfolio to over 10,000 beds in the next five years.
We also aim to even become the preferred manager of
affordable student accommodation for others.
We have cemented firm relationships with major post-
school education and training institutions. Citiq is a
founding member of Private Student Housing Association
(PSHA) the newly established body representing the
industry that will become the voice for large private
student accommodation providers in South Africa.
Management Systems
Our management systems allow the
managers and maintenance personnel
to manage the day-to-day operations of
the residences. Each residence has a
residence manager and house mother/
father with whom the students can
interact.
This ensures risk management,
maintenance, communication and
student satisfaction.
7 CITIQ
Empowerment
We firmly believe that transforming South Africa is about
a lot more than scorecards and tick boxes. When our
investors consider what is required for transformation,
they include the impact their business and investments
have on the broader society in which they operate.
Citiq fully supports this philosophy through the
transformation of our business to reflect the racial and
gender diversity of our country.
The impact that our business has is transformational for
our students, our communities, the education space and
the economy as a whole.
Financial backing
Our largest investor, Futuregrowth, is a specialist
investment company and a member of the Old Mutual
Investment Group. This provides Citiq with access to
institutional funding. We have a scalable business model
ready for growth and meaningful impacts in addressing
the need for student accommodation from an affordable,
social and economically feasible point of view.
Quality of our spaces
All our residences exceed the Minimum Norms and
Standards as set out by the DHET. Our residences are
accredited by the University of Johannesburg, WITS and
the Tshwane University of Technology. Our products are
therefore exceptional value for money.
Student Life
We don’t just provide a bed to sleep in – we provide much
more than that. We believe in creating an environment that is
conducive for learning and for students to excel in. Every year
various initiatives are launched, ranging from soccer teams to
social events, such as our annual Spring Bash and Career Day.
8CITIQ
Citiq aspires to be the leading affordable student
accommodation provider in South Africa, enriching the lives
of young South Africans and building a better future for all.
+27 11 712 0000www.citiqstudents.co.za
STUDENT ACCOMMODATION