Summary:
- Point Capital Partners has completed a $47.25 million acquisition of 45 homes across three adjoining unit blocks in Macquarie Park, Sydney, after two years of negotiations, marking one of the largest recent property transactions in the area.
- The developer plans to deliver over 600 purpose-built student accommodation (PBSA) apartments on the site, creating one of the largest PBSA projects in Macquarie Park and addressing growing demand for student housing in Sydney’s northern growth corridor.
- The acquisition was facilitated by commercial buyers agents Costi Cohen, highlighting strong market interest in high-quality sites within Sydney’s expanding education precincts, where current student rents significantly exceed median local residential rates.
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