Scape Adds Inner-Sydney Site to $6bn Housing Push
Scape is moving to fill a 30,000-bed gap in Sydney’s student housing market, buying a key inner-city site backed by capital from a $6-billion national property fund.
The national purpose-built student accommodation (PBSA) provider has acquired a 1922sq m parcel at Waterloo for $32 million, adding to a portfolio supported by global investors including CBRE Investment Management, APG, Bouwinvest, CDPQ, NPS and UBS.
A development application is due later this year for a mixed-use project combining student accommodation with ground-floor retail.
TUD+ Member Only Content
Want to read more?
Sign in to your TUD+ Account or join 50,000 property professionals who stay up to date with our newsletters and market trends with Australia's most trusted property journalists.
Density Planning Shift Fuels Urban Heat Island Fears
SEQ Developers Flex Designs to Ride Towering Wellness Wave
From Underground to Skyline: The Sydney Metro Transformation
Moreton Bay Reveals Sprawl-Free Future for Surging Population
