Nicholas Porter presenting at the Property Week Student Accommodation Conference, London 2016. The presentation highlights GSA's research on the global higher education market place, lessons of our journey and our plans looking ahead at 2017. GSA is not simply in the student accommodation sector, we created it. We believe that student accommodation is more than just four walls. Therefore, we create communities that are safe and vibrant and give university students the space to grow in the direction that matters most to them. Our management team has created over $8bn of student accommodation in 44 cities across 8 countries.

1. Nicholas Porter
Property Week Student Accommodation Conference
London 2016

2. Key themes
1. Global higher education
market place
2. Lessons from our
journey so far
3. Looking ahead

3. Making a real
difference to
students lives
years in
PBS
A
25 PIONEERING
MARKETS
20,000
PIPELINE
9 countries 2 brands30 cities

4. Our approach – total focus
Investment Management Real estate Commercial Operations
 Funds
 Joint ventures
 Underwriting
 Investing
 Reporting
 Compliance
 Tax
 Debt
 Investor in non GSA opportunities
 Planning / development approval
 Design / Architecture
 Building technical
 Ground-up development
 Refurbishment
 Global procurement
 Project management
 Monitoring
 University partnerships
 Brand signatures / standards
 Multi-brand evolution
 Operations
 Global sales & marketing
 Product design
 Community life program
 Training
 Mobilisation
 Global operating system
 Technology
Research partners

5. Global higher education market place
By 2020
25% of the world’s
population aged 18-
22 will live in just 9
countries

6. 0
50
100
150
200
250
300
350
400
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
» 2013 global enrolments 176
million.
» British Council estimated
growth to 263 million by 2025.
Source: UNESCO, British Council, RMIT, GSA, 2016
2025 World Enrolment Forecast
263m
British Council
Global potential

7. 0
50
100
150
200
250
300
350
400
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Millions
» 2013 global enrolments 176
million.
» British Council estimated
growth to 263 million by 2025.
» Today’s rate of growth 330
million.
Source: UNESCO, British Council, RMIT, GSA, 2016
330m
Current Rate
Global potential
2025 World Enrolment Forecast

8. QS Top 10 Ranked Student
Cities
Source: QS Best Student Cities 2016
1. Paris 252,000
2. Melbourne 250,000
3. Tokyo 1.1 mil
4. Sydney 210,000
5. London 367,000
6. Singapore 218,000
7. Montreal 99,000
8. Hong Kong 200,000
9. Berlin 163,000
10. Seoul 333,000
Colombia
Ukraine
UK
France
Thailand
Egypt
Viet Nam
Germany
Mexico
Philippines
Iran
Indonesia
Russia
USA
China
Source: UNESCO, 2014
41.9 mil
19.7 mil
6.9 mil
6.4 mil
4.6 mil
3.5 mil
3.4 mil
2.9 mil
2.6 mil
2.5 mil
2.4 mil
2.3 mil
2.3 mil
2.1 mil
2.1 mil
Source: UNESCO 2016
World’s highest higher education enrolments
Global potential

9. Higher Education Policy
Free German
higher education
to all students
2022 target of
450,000 international
students
International students’ study
time in Canada counts
towards citizenship.
Global market place
Governments see
Australian education
exports $USD15 billion in 2015/16.
Growth 6%. Australia’s
3rd largest export.
value in
education
Canada AustraliaGermany

10. 15 MILLION
International students
by 2030
6% p.a. Growth
from
developing
countries
/ 0.3% p.a.
developed
Global market place

11. International students have a growing range of educational options
2016 International branch campuses:
248
branch
campuses
32
in China
29
in UAE
Increasing number
of branch
campuses
1 2 3Rise English Taught Curriculums Growth in MOOCs.
Diversification of HE
Evolving higher education market

12. Lessons from our
journey so far…

13. Spain
Catered vs
non-catered
Africa & India
Scale requirement
Matching economics
UAE
Segregation of dorms
Quality control
Visas for students to
work
Germany
Unique tenancy
arrangements
Universal
internet
provision
Australia
Taxation /
Construction
Federal vs state
regulation
Japan
Earthquake
contingencies
Reconfigured
community
Construction
industry shortage
China
Construction
culture Quality
control
Ireland
Planning /
design
requirements
Global No global workforce, training across cultures, faiths & language, consistency

14. Fundamentals of growth
Demand
Eastern Explosion for 1st
generation HE students
A cultural, social &
educational opportunity
‘Western Educated’
Status
Strength of University
brands
HE perceived as good
value

15. Fundamentals of growth
Supply
Urban space constraints
Housing shortages
across the market
Product & price range
Community

16. Fundamentals of growth
Speed-to-market Drivers
Regulation / planning
Government policy
University attitude
Access to capital
Market and brand fit
Local partnerships

17. Looking ahead…

18. » Brexit & Trump
» USA & UK student visa policy
» Post study opportunities
» Cultural integration & empathy
» Building a knowledge economy
vs. brain drain
A shift in student movement

19. Changing delivery of higher education
» Increase in semester based
learning
» Exporting higher education
» A customer for life: modular
learning in universities

20. » Servicing the Y2K generation
» SMART technology
» Increasing collaboration
» Customer patience
» Evolving buying habits
Evolving consumer

21. Contact us: info@gsa-gp.com
London | Frankfurt | Dubai | Tokyo | Sydney