Summary:
- Singapore-based developer Centurion has acquired a 529 sqm site at 37-43 Stirling Highway, Nedlands, for $8.8 million, with plans to build a 19-level student accommodation tower named Dwell on Williams, featuring 472 beds across 460 studios and retail and amenity spaces.
- The project, located within walking distance of the University of Western Australia, includes 11 basement car parks, 156 bike bays, and resident facilities, with an expected end value of around $60 million and completion targeted for next year.
- This acquisition follows Centurion’s recent $30 million purchase of the former Victoria Police headquarters site in Melbourne for student housing, signaling continued expansion in the PBSA sector across key Australian markets.
Original article:
https://www.realestatesource.com.au/singapore-developer-secures-another-student-accommodation-site/
