Summary:
- Journal Student Living acquired a 2747 sqm site on North Terrace, Adelaide, for $26.29 million, planning a $400 million student accommodation tower that marks its entry into the Adelaide market and aims to address the city’s significant housing shortfall for students.
- The development will be one of Adelaide’s largest student housing complexes, located opposite the newly merged university campus, featuring three street frontages and designed by COX Architecture, with plans for mixed studio and shared units alongside extensive communal and retail spaces.
- JLL reported a current shortfall of over 6,700 purpose-built student beds in Adelaide, with only 706 under construction and 2,060 approved, highlighting strong investor confidence in the city’s growth and the project’s role in supporting Adelaide’s evolving student accommodation market.
Original article:
https://www.realestate.com.au/news/adelaide-student-accommodation-sites-sale-price-revealed/
