World-class student accommodation deal locked in for Perth
Posted 30 . 11 . 16
Leading global student accommodation provider GSA is combining with Stirling Capital, a WA-based private real estate investment and development group, to deliver Perth’s first inner-city student accommodation facility.
The new 24-level, 571 bed tower will rival student accommodation offerings in Melbourne and Sydney, and provide an alternative to traditional shared housing or on-campus living for university students. The inner city accommodation will make Perth a more attractive option for overseas students.
Perth has five universities – Murdoch, Notre Dame, University of Western Australia, Curtin and Edith Cowan. According to StudyPerth, there are 56,000 international students studying in WA from 140 countries. It is estimated that international education generates 10,000 jobs and contributes $1.345 billion annually to the WA economy.
The GSA/Stirling facility will feature a mix of fully self-contained studios and shared apartments which are part of a unique living and learning environment that includes several communal study areas, a 15m lap pool, gym, library, rooftop outdoor space with a cinema and bar.
Construction of the facility located on Stirling Street, Northbridge will begin in early 2017 and it is set to be completed in time for the start of the 2019 academic year.
Stirling Capital Managing Director, Luke Reinecke said: “Quality student accommodation is essential to putting Perth on the map as an affordable and accessible education destination.
“The Stirling Street location was chosen as it is an emerging urban village at the heart of the city’s cultural precinct. The area is highly accessible to all universities and public transport, and is within walking distance to the new museum, art gallery and an exceptional range of bars cafes, shops and restaurants.
“We are delighted to partner with GSA on the delivery of this high quality facility. GSA’s track record and global expertise attest to its ability to deliver a world-class operating experience.”
Jon Whittle, GSA Head of Real Estate said: “We’re excited to partner with Stirling Capital on our first project in Perth. With 25 years’ global experience in this sector, we know that students need more than just somewhere to sleep – they need communities, interaction, safety and security. Our communities are designed around the student, while being adapted for local market considerations and are sustainably built with quality finishes for residents to enjoy.
“As the first privately-operated, purpose-built student accommodation facility to be developed in central Perth, we are looking forward to expanding our relationships with Perth universities and delivering a scheme that contributes directly to the experience of their students.”