Star Asia forms Japanese student housing partnership
Star Asia Group, a boutique investment management group focused on Japanese real estate opportunities, has formed a partnership with GSA, a purpose-built student housing firm, to develop student accommodation in Japan.
GSA Star Asia KK, a wholly owned subsidiary of GSA Star Asia Japan Ltd., has its headquarters in Tokyo and has been formed to create 20,000 beds for university students studying in Japan.
The first property in the portfolio will be developed in Hakusan 4-chome, in Tokyo’s Bunkyo-ku district, comprising 364 purpose-built student housing beds and a total floor area of more than 48,000 square feet. The project was funded with a combination of equity from Star Asia Group, GSA and two global institutional investors along with financing from a Japanese bank.
The project in Hakusan will introduce GSA’s global student brand “Uninest” into the market, creating a new community for Japanese and international students.
Japan is one of the most