APG and Ivanhoé Cambridge target Australia’s student housing sector
As education remains a centrepiece of Australia’s global services exports, the purpose-built student accommodation sector is continuing to attract significant capital commitments from foreign asset owners.
The student housing sector in Australia is seeing a strong recovery this year, following the country's full reopening of its borders in February. The number of international students applying for visas hit a record high in June.
“International education continues to be Australia’s largest services export and Australia’s fourth-largest overall export after iron ore, coal and liquified natural gas,” Brian Hung, director of real estate for Asia-Pacific at APG Asset Management, told A…
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