Australia & New Zealand

Owner and developer Cedar Pacific has topped out at its new purpose-built student accommodation (PBSA) scheme in Auckland, New Zealand. The development’s topping out marks a significant milestone in the project’s timeline – the completion of the primary structural framework of this project.

Adelaide’s 186-year-old Holy Trinity Church precinct would welcome 1000 new neighbours under plans for a 30-level student accommodation tower on the heritage site.

The Financial Review, quoting sources, claims four companies want to buy the leading retirement village operator owned by Brookfield, stating the leading student accommodation developer Scape is through to the second round of the possible $3.5 billion auction.

Australia’s biggest owner-operator of student housing, Scape, has converted its flagship purpose-built student accommodation vehicle into a A$6 billion ($3.8 billion) open-ended core fund with a 16,000-bed portfolio across 33 operational assets.

Australia’s biggest owner-operator of student housing, Scape, has secured a A$700 million ($434.3 million) equity commitment from South Korea’s National Pension Service for a suite of living sector investment strategies, the parties announced Thursday.

A major revamp is finally in the works for the desolate retail strip in the City of Perth’s heart that will bring a “lifestyle” hotel, shopping plaza and student accommodation.

The project at 55-57 Fairway, Crawley, was approved by a Western Australian Planning Commission (WAPC) panel. It will include a gymnasium, sauna and swimming pool on level eight, and an outdoor communal amenities deck with a lounge, dining and satellite kitchen facilities.

US-based property investment group Greystar, the company behind one of Australia’s biggest build-to-rent projects, has taken a dive into the local student accommodation market after forking out $1.6 billion for seven assets in five cities.

The $7.5 billion listed landlord Dexus has submitted a bid for the Australian portfolio of big super’s student housing player Campus Living Villages, which this year resurrected a failed $2 billion sale attempt from 2016.

HS Optimus Holdings Limited (SG:504) has released an update. HS Optimus Holdings Limited has submitted a planning permit application to transform its freehold land in Carlton, Victoria, into a purpose-built student accommodation.