Institutional investors are targeting Australia’s booming student accommodation sector, saying it remains a major hedge against the country’s stubbornly persistent inflation.
The real-estate investment manager has joined forces with Australian Unity and UniLodge to develop $1 billion of new purpose-built student accommodation (PBSA) assets across Australia.
The real estate financier’s latest deals include controlling stakes in a new Sydney Airport hotel development and an office tower project in Melbourne’s CBD.