Monday, February 17, 2014

Student Accommodation for Beecroft Shopping Centre

An article in the weekend "Smart Money' in the Australian Financial Review discusses the shortage of student accommodation in Sydney, clearly relevant to the proposal to build nearly 140 units at The Module in Beecroft Shopping Village.  More than half of these units will be single bedroom, clearly aimed at students.

The article says that Singapore sovereign wealth fund GIC recently bought a majority interest in IGLU, the student accommodation group, confirming the signs that this style of accommodation is becoming a lucrative investment.

Analysis of the latest DA/545/2013 shows proposed provision of units is as follows:

3 Studio Units 35 sqm
75 1 bedroom units 50 to 60 sqm
43 2 bedroom units approx 85 sqm
18 3 bedroom units 95 to 120 sqm

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