Heitman and Erben, an Australian property development and investment firm, haves acquired Lot 19 at Perth City Link from the Western Australia State Government. The site will be transformed into Western Australia’s largest purpose-built student accommodation (PBSA) asset, with approved plans for a 19-story property spanning more than 37,000 square meters (398,265 square feet) in Perth’s central business district.
The acquisition marks Heitman’s continued expansion within the Australian student housing sector. Heitman was an early entrant in the Australian PBSA market in 2018, with the development of Infinity Place, a 335-bed property in Melbourne’s Carlton district, adjacent to the University of Melbourne and RMIT that it continues to own.
“Fueled by student demand, Perth is experiencing substantial growth in higher education campuses, which is transforming its city center into a major Australian and regional education hub,” said Brad Fu, managing director
