>> 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