Australia & New Zealand

Scape, Australia’s largest owner and operator of purpose-built student accommodation (PBSA), has launched the first of five buildings, collectively called KEKI, as the first step in its ambition to create ongoing sustainable value to Sydney’s first University precinct, stretching from Kensington to Kingsford in Sydney’s south.

Following months of speculation and uncertainty for the international education sector, Australia has finally announced an international student cap to take effect from 1...

Plus Architecture have lodged a development application for a new purpose-built student accommodation (PBSA) development in Petrie, Moreton Bay, north of Brisbane, Australia.

Charles Darwin University (CDU) will collaborate with Campus Living Villages (CLV) on the accommodation which is expected to house around 350 students and will be located at 56 Wood Street across the road from CDU’s Danala | Education and Community Precinct.

Australia will introduce a cap on the number of new international students it accepts, as it tries to reduce overall migration to pre-pandemic levels. The nation has one of the biggest international student markets in the world, but the number of new enrolments will be limited to 270,000 for 2025.

ASX-listed construction giant Lendlease and Australia’s largest owner-operator of student housing, Scape, have received final approval for their A$1.7 billion ($1.2 billion) transformation of Queen Victoria Market in central Melbourne.

Australia’s largest owner and operator of student housing Scape has closed on A$3 billion ($2 billion) in fresh debt financing, with part of the offering nearly three times oversubscribed amid growing appetite for purpose-built student accommodation (PBSA) in the country.

Brookfield Asset Management has acquired a 50 percent stake in Journal Student Living, the student accommodation operating unit of Australian developer and investor Citiplan, as it seeks to capitalise on an influx of international students into Australia’s already tight private rental market.

A student living block with just shy of 200 beds is planned for a Perth university suburb. Now on exhibition is the proposal for a nine-storey development at 55 and 57 Fairway, Crawley, opposite the University of WA Crawley campus.

Scape Australia, Australia’s largest owner and operator of PBSA, has added two new properties in Melbourne’s CBD. The properties are currently managed by Journal Student Living, and will be rebranded by Scape to expand their portfolio to 38 buildings nationally with an additional 10 under development.