InfraRed Capital Partners has completed the sale of a 100 percent equity interest in the Curtin University Student Accommodation Project, held by an InfraRed-managed value-added fund. This interest was acquired by IFM Investors, a major infrastructure investor, allowing InfraRed to realize the value created during the development phase for its investors.
Situated in the heart of Curtin’s Perth Campus in Western Australia, the project, also known as Greater Curtin Stage One, is a mixed-use precinct comprising student and private accommodation, a hotel, commercial space, and retail facilities.
In 2019, InfraRed entered into a long-term, 35-year concession with Curtin University — a public university partly funded by the Australian government — to design, finance, construct and operate the development. InfraRed assumed responsibility for the management of the university’s 1,150 existing student accommodation beds, operated by UniLodge Australia, while also deliver
