Summary:
- The Living Co acquired the Boston University Sydney Academic Centre (BUSAC) in Chippendale for $72.5 million, securing a strategically located 165-bed student accommodation facility that has served Boston University’s Study Abroad Program since 2011.
- Positioned within a key higher education precinct near Central Station and major universities, the asset offers strong operational history and future value-add potential through planned refurbishments and activation of retail spaces.
- The sale reflects sustained investor demand for Australian PBSA, driven by stable income, student population growth, and accommodation undersupply, with 2026 recording $1.2 billion in sector transactions across five major deals.
Original article:
https://propertymarkets.news/sydney-student-accommodation-asset-sells-for-72-5m/
