Student Accommodation

The rapid expansion of health and aged care, student accommodation and data centres saw alternative assets show the fastest growth for JLL in Australia with revenue increasing 70% for the nine months to September compared with 2017.

Sydney group Intergen Property Group has snapped up a site in the heart of Adelaide for Singaporean company Wee Hur for a new $90 million student accommodation complex.

The former Geelong Grammar School has hit the market after renovators waved their magic wands and transformed it into a student accommodation facility.

The popularity of our education sector overseas, particularly from Asian students, has been a huge export success. It is now our number one service export and our third largest overall after iron ore and coal. 

The student accommodation market has seen an oversupply of studio-style product in recent years and the industry needs to improve fast or risk being left with a legacy of “anonymous” buildings, Hayball principal Thomas Gilbert says.

Hong Kong private equity firm Gaw Capital is moving to buy the landmark Bell City Hotel in Melbourne for more than $160 million in what is shaping as one of the largest hotel deals of the year.

Capital city growth in purpose-built student accommodation is unlikely to slow down soon as large institutional investors jump on board, attracted by solid potential returns. 

A Chinese developer has snapped up a property in Melbourne’s east located within walking distance of one of Australia’s fastest growing universities.

It appears last drinks have been served at the former Roxbury Hotel in Glebe, which has sold for $5.55 million.