Summary:
- Greystar has integrated 4,084 purpose-built student accommodation beds into its Accolade platform following the $1.6 billion acquisition of GIC’s Australian portfolio, aiming to expand to 5,662 beds across seven sites by 2026, including Brisbane, Sydney, Melbourne, Adelaide, and Canberra.
- The company targets doubling its Australian PBSA capacity to 10,000 beds within two years through acquisitions, developments, and third-party management, representing about 10% of Greystar’s global 100,000-bed portfolio.
- The Australian government’s plan to increase international student intake by 25,000 in 2026 supports Greystar’s growth strategy, as public universities may raise enrolment caps by demonstrating PBSA provision amid a market where only 6% of students currently live in purpose-built accommodation.
Original article:
https://www.theurbandeveloper.com/articles/greystar-australia-student-accommodation-expansion
