Ivanhoe Cambridge has plans to invest $1 billion in student housing operator Scape’s main fund, Scape Core Program, reported The Australian Financial Review.
The fund has portfolio of 27 facilities in Sydney and Melbourne, totaling more than 13,000 beds.
“To welcome them at these very uncertain times is confidence boosting to our sector and also confirmation that scale and partnership does provide a competitive advantage,” Stephen Gaitanos, Scape Australia managing director, told The Australian Financial Review.
