The Property Funder Podcast Episode 54 | Richard Stott

Making the Grade: Richard Stott's Journey in Student Property

Michael Dean sits down with Richard Stott, Managing Director of the Kexgill Group, to delve into the intricacies of property investment, development, and student accommodation. The episode is choc full of fascinating insights spanning the coming election, navigating the complexities of the UK and German real estate markets, and even the importance of learning the Heimlich manoeuvre!

Highlights:

The Success of UK UKREiiF

- Richard and Michael discuss the success of UKREiiF, a major property and finance industry event held in Leeds. Richard explains how the event facilitated valuable connections and meetings that would have been challenging to arrange otherwise.

The Political Landscape

- The conversation shifts to the announcement of the general election during UKREiiF. Richard shares his views on the political climate, expressing his concerns about the current government's handling of international students and the broader implications for the property sector. Michael and Richard reflect on the potential outcomes and changes a Labour government might bring.

Planning System Challenges

- Richard highlights the broken state of the UK planning system, detailing the delays and financial burdens it imposes on developers. He shares his frustrations with the inefficiencies and how they impact the viability of projects, emphasizing the need for streamlined policies and better resourcing of planning departments.

The Origins and Growth of Kexgill Group

- The duo dives into the specifics of the student accommodation market, discussing trends in rental prices, the importance of location, and the challenges of maintaining affordability. Richard explains Kexgill's strategy of partnering with universities to provide cost-effective housing solutions without compromising on quality.