Summary:
- The Living Company has launched the State Library Exchange Partnership to develop a ~A$1 billion mixed-use project above Melbourne’s new State Library Station, delivering over 1,400 student accommodation beds and 12,000sqm of commercial and retail space, with construction set to complete by June 2029.
- RMIT University has secured a 15-year lease for all 12,000sqm of commercial space, marking one of Melbourne CBD’s largest recent leasing deals and continuing its collaboration with TLCo on integrated student living and learning environments.
- The project is co-invested by TLCo’s Scape Core Fund, a Malaysian pension fund, and Bouwinvest, supported by senior debt financing from DBS Bank, Crédit Agricole, and O-Bank, expanding TLCo’s portfolio to ~A$20 billion in assets under management across 120 properties and 40,000 beds.
Original article:
