Australia & New Zealand

A vacant inner-city site is set to be transformed into a multi-storey student accommodation complex housing up to 540 people.

Singapore fund manager Cambridge RE Partners has made its second purchase of Australian student housing in three months with its acquisition of a 592-bed property near Sydney, according to an announcement by the firm.

Australia’s largest owner and operator of student housing is about to move up a grade with Scape announcing today that it has formed a fresh A$1 billion ($658 million) joint venture with the Netherlands’ APG Asset Management and Canadian pension fund manager Ivanhoe Cambridge to add to its portfolio of 17,200 operational apartments.

Global property player Lendlease’s race to refocus its efforts on Australia has been given a handy boost, as it wins approval for a $1.7 billion project in central Melbourne involving rental housing, student accommodation and office space.

The Australian government is urged to work with universities to ensure access to and availability of affordable student housing in the final report from...

Aspen Group Limited has purchased 81 student apartments near Deakin University’s Burwood campus. The c24 square metre Burwood dwellings are each costing $100,000.

Marquette Properties has snagged a Brisbane CBD office building at a 25 per cent discount to the price it last traded for eight years ago, after it sat on the market for over 18 months.

Brookfield plans to convert a residential project in the heart of the Melbourne CBD to student accommodation. Brookfield now wants to build a 39-storey student-accommodation building comprising 1013 lodging rooms and 1038 student beds, 425sq m of retail space and 2310sq m of communal space.

Cedar Pacific and CBRE Investment Management have launched a green loan partnership with Sumitomo Mitsui Banking Corporation (SMBC), a milestone in sustainable financing for the purpose-built student accommodation asset class.

Student accommodation giant Iglu expects to begin construction on its latest student digs—a 300-room mixed-use tower in Sydney’s south-east suburbs—within the next four months.