Investa has announced a partnership with The Salvation Army to develop an estimated A$230 million ($144 million) Studio Living project at 140 Elizabeth St. in Sydney. When completed, this landmark project will feature approximately 245 fully furnished, self-contained studio apartments as well as resident amenities including co-working spaces, indoor entertainment and dining areas, and outdoor terraces.
This initiative marks Investa’s first venture into the studio living sector.
Studio living is designed to cater to the lifestyle aspirations of a broad customer base who prioritize proximity to work, public transport, entertainment and other amenity and who want a cost-effective alternative to traditional housing in CBD and fringe locations.
“We have high conviction in the Living Sector, evidenced by the 1,400 BTR apartments — completed and under construction — and an ability to unlock further suitable studio living sites,” said Peter Menegazzo, CEO at I
