Interest in the student accommodation market is growing rapidly and causing a race for assets as  investors go vertical to cater for the growth of inner-city residents.

The Australian Education Fund is expanding, while other groups including UniLodge and private developers are snapping up any potential sites.

In January this year a joint venture between Singaporean sovereign wealth fund GIC and Macquarie Capital bought a majority interest in student accommodation group Iglu. Although the actual investment figure has not been released it is widely regarded as the largest single transaction in Australia’s student accommodation sector.

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DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.

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