Scape Core Program News Today

A Dutch pension investor is a stakeholder in a new partnership worth AUS$1 billion to develop purpose-built-student-accommodation across Australia.

A Dutch pension investor is a stakeholder in a new partnership worth AUS$1 billion to develop purpose-built-student-accommodation across Australia.

The private developer of purpose-built student accommodation has paired again with funding partners APG and Ivanhoe Cambridge to develop 3000 new rooms.

Article - Demand Outpacing Supply in Australian Student Accommodation Market - In an Accommodating the Growth in New Students report, CBRE highlights that an incremental 8,000 PBSA rooms will be delivered across Australia over 2023-2026 – representing a 7% uplift.

As education remains a centrepiece of Australia’s global services exports, the purpose-built student accommodation sector is continuing to attract significant capital commitments from foreign asset owners.

Singapore state investor Temasek will focus on the “highest-quality projects” within cryptocurrencies and blockchain-related assets; Asian family offices prefer digital assets following weak returns from their traditional portfolios; and more.

The Canadian investment giant has partnered with Scape Core Program, and now holds the largest and pre-eminent student housing portfolio in Australia.

The fund manages a portfolio of 27 rental residential buildings and 13,000 rooms for college students.

The investment comes amid a recovery in the student accommodation sector as well as increasing interest from institutional investors for rental housing, ranging from student accommodation to build-to-rent.