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Scape to launch billion-dollar fund for student housing
Fundraising - AUGUST 5, 2019

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Scape to launch billion-dollar fund for student housing

by Andrea Zander

Scape Australia has plans to launch a A$1 billion ($680 billion) core, open-end fund to invest in student accommodation, reported Australian Financial Review

Backed by a group of institutional investors, Scape is on the way to becoming the country’s largest purpose-built student accommodation (PBSA) provider with 2,500 student rooms open already and more than 8.000 rooms in development.

Australian Student Accommodation Fund has plans to hold a first close during the third quarter 2019.

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