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Sign in Sign up for a FREE subscriptionAXA IM – Real Assets, Scape and Allianz partner to acquire Australian student living portfolio
AXA Investment Managers – Real Assets has entered the Australian Student Accommodation market by partnering with Scape, a leading operator and manager of student accommodation assets, and Allianz, another global insurance group (the venture), in acquiring a portfolio of six operational assets totaling 3,510 beds from the Atira Student Living platform (the portfolio).
The portfolio is well diversified with assets located in Melbourne, Brisbane and Adelaide that are in close proximity to some of Australia’s top Universities such as University of Melbourne and University of Queensland. The assets offer a variety of room types from studios to twin shares and cluster apartments. The amenity offering of the assets is of a high standard with features such as rooftop pools, games rooms, private study areas, theatres and communal areas to encourage social interaction among students. The portfo