Student Accommodation

Listed property group Mirvac and developer John Holland are pushing ahead with a five tower precinct above Sydney’s planned metro railway station in inner-city Waterloo, tapping student accommodation operator Iglu to run a tower for 500 students.

The country’s largest owner and operator of student accommodation, Scape Australia, has defied the coronavirus crisis to close the $2bn acquisition of the rival Urbanest business and has called for “balanced consideration” in the relationship with China.

Accommodation vacancies have surged across Australia after a growing exodus of foreign students and workers, prompting warnings that rents and house ­prices will come under severe pressure this year as the economy ­enters a major downturn.

Industrial listings are beginning to win even more hearts and minds in New South Wales’ commercial property market, but it was a yet-to-be-completed shopping centre and a potential student development opportunity that drew the most …

The country’s largest student accommodation provider Scape is seeking to expedite approval of its $2 billion acquisition of rival operator Urbanest as it confronts the coronavirus crisis.

Wollongong is set for more high-rise development following a DA approved site on Crown Ln coming up for sale.

Student accommodation in Australia is set for a new era, with the acquisitive Scape operation locking in its position as the dominant player with the $2 billion-plus purchase of the Urbanest portfolio that spans major capitals.

A proposed world-class lifestyle precinct in Glenorchy could also include student accommodation, council documents reveal.

For 200 years Australia’s prosperity has been largely driven by the regions via the export of wool and wheat and then coal, iron ore and more recently natural gas.