SOCIAL INFRASTRUCTURE
US giant Greystar is expanding beyond build-to-rent, backed by the Australia’s Future Fund to enter the purpose-built student accommodation (PBSA) sector by...
The acquisition comes despite pressures on international student numbers coming from both sides of politics heading into a federal election year.
However, the PBSA sector in Australia remains relatively new and undersupplied, and will continue to experience strong demand driven by robust rental growth and...
The Future Fund is backing Greystar in the acquisition to the tune of $350 million in the acquisition of assets Sydney, Melbourne, Brisbane, Adelaide, and Canberra, which are...
Greystar executive director, investment management, Asia-Pacific Adam Pillay said, “Australia’s student housing sector is experiencing strong demand, driven by...
We are committed to delivering exceptional housing solutions that meet the needs of students while enhancing the quality and functionality of these properties...
The six PBSA Wee Hur has completed are Y Suites on Moore located at 7-9 Moore Street in north-west of Canberra’s CBD; UniLodge City Gardens at 105 Gray Street in...
Greystar’s early involvements in Australia’s housing market have been in the build-to-rent space. It has just received the green light from the Victorian government to...
On the sell side of the PBSA deal is Singaporean group Wee Hur, which will pocket net proceeds of $350 million whilst retaining a 13% stake in the portfolio through a subsidiary...
Wee Hur entered Australia’s PBSA market in 2015 with its first asset in Brisbane, and launched the Wee Hur PBSA Master Trust in 2016 with the goal of creating a portfolio of...
This divestment highlights Wee Hur Capital’s exceptional ability to execute its strategic vision and deliver superior returns for its investors, regardless of market conditions...
Despite political uncertainty, global players are betting on the long-term potential of Australia’s student accommodation sector. Recently, US investment firm Nuveen committed to...
Australia currently has 132,700 beds in operation to cater to an international student population of 1.6 million students. In the more mature UK market, there are 700,000 beds in...