CEFC lends $32m for construction of green student accommodation project

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.

Proposed 428-bed student accommodation project in Adelaide
(Image provided by CEFC)

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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Rachel Alembakis

Rachel Alembakis

Publisher/Editor at The Sustainability Report
Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.
Rachel Alembakis

Author: Rachel Alembakis

Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.

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