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.
Read more: http://www.smh.com.au/business/property/student-digs-are-the-new-investment-trend-20141016-116zg4.html#ixzz3GmycHxT9
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.