The Clean Energy Finance Corporation (CEFC) has committed has committed debt finance of $32 million to the 428-bed student accommodation project in Adelaide, its first major property investment in the South Australian capital city.
The CEFC’s funding will go towards the construction of the specialist project in Waymouth Street, Adelaide. Kit will be managed by specialist student accommodation provider Atira Student Living, and it is a joint venture investment between Blue Sky Private Real Estate (BSPRE) and Goldman Sachs. BSPRE is developing the project, which is expected to open in February 2018, the CEFC said.
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