InfraRed Capital Partners has sold a 100 percent equity interest in the Curtin University Student Accommodation Project, held by a value-added fund managed by InfraRed, to IFM Investors. Financial terms were not disclosed.
Located in the heart of Curtin’s Perth Campus in Western Australia, the project, 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 partially funded by the Australian government, to design, finance, construct and operate the development. InfraRed assumed responsibility for the management of the University’s approximately 1,150 existing student accommodation beds, operated by UniLodge Australia, while also delivering an additional 924 purpose-built student beds, operated by both UniLodge Australia and St. Catherine’s College.
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