Globally, universities are taking a more active role in providing accommodation as student numbers rise.
On 4 August 2016 Infratil completed the acquisition for A$82.5 million (NZ$84.6 million) of a 50% shareholding in a student accommodation concession granted by the Australian National University based in Canberra. The other 50% was acquired by Infratil’s partner the Commonwealth Superannuation Corporation.
The concession is for 30 years and provides the partners with the net rental revenue from nine on-campus purpose built student residences comprising 3,760 beds. The long-term concession includes responsibility for the provision of facilities, building maintenance, management services and lifecycle replacement. The University retains responsibility for marketing and managing student applications, processing rental agreements, cleaning and providing pastoral care to residents. ANU is generally recognised as “best in class” with its residences.
8 Nov 2018
Infratil today announced a strategic review of its investment in the student accommodation concession granted by the Australian National University (ANU) based in Canberra.
The ANU portfolio is the standout portfolio in the on-campus Purpose Built Student Accommodation (PBSA) sector in Australia, in terms of both scale and quality. At the...
4 Aug 2016
Infratil today (4 August 2016) announced completion of the acquisition of 50% of the equity interest in a student accommodation concession granted by Australian National University, with its consortium partner Commonwealth Superannuation Corporation acquiring the other 50%.
Marko Bogoievski Chief Executive Officer
3 Aug 2016
Infratil advises that the Australian National University (ANU) has today awarded Infratil and Commonwealth Superannuation Corporation a 30 year concession for the net rental revenue from nine on-campus Purpose Built Student Accommodation (PBSA) residences, comprising approximately 3,760 beds. Infratil's 50% equity investment will be made for a total cash equity...
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