The pipeline of dedicated student accommodation beds has jumped almost 19 per cent in six months, with Melbourne, Brisbane and Sydney accounting for the largest shares of the growing market, new figures from the Property Council of Australia and consultancy Urbis show.
Scape Franklin Street, in central Melbourne, is the largest asset included in the developer’s $6 billion fund. With 50,000 square metres of gross floor area, it is the largest mixed-use and education building globally.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
