Martino Property Group

Perth Welcome Accommodation Tower for WA Students!

British-based property firm GSA has joined Perth investment group Stirling Capital to deliver the West Australian capital’s first off-campus student accommodation tower.

The $41 million facility at 89-95 Stirling St in Northbridge received planning approval in May. As part of the WA government and the major Perth universities’ joint Education City initiative to boost its profile in the international student market.

The Australian revealed in February that GSA planned to expand its presence in Australia. They outlined a plan to manage up to 25,000 beds in the next 10 years through takeovers and new development.

In Addition Luke Reinecke managing director of Stirling Capital says the Stirling St location will become part of the state government’s urban renewal plans for Northbridge.

In short Northbridge has been best known as the home of the city’s main restaurants, cafes and nightlife in Perth!

“The area is highly accessible to all universities and public transport. Secondly it is within walking distance to the new museum, art gallery and an exceptional range of bars cafes, shops and restaurants,” he says.

Generally speaking there are currently 44,800 international students in WA! According to international education group StudyPerth. In Essence, the figures are supposedly expected to double in the coming year.  Particularly with only campus colleges to meet the increasing demand for rooms.

Simultaneously, Reinecke says the joint venture will work closely with the state government together with the five Perth universities. Hopefully it will help boost WA’s attractiveness as an international education destination.

“Quality student accommodation is essential to putting Perth on the map,” he says. 

Source: realcommercial.com.au

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