Value: $568 million

Area: Corporate

Key Players: Wissam Abwi, partner at MinterEllison

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Deal Significance: The deal represents a return of confidence to the much-beleaguered student accommodation sector, which suffered during the COVID-19 pandemic. 

The entire transaction is valued at $1.14 billion once future accommodation is built. Student accommodation assets are based in Sydney, Melbourne, Brisbane, Canberra and Adelaide. 

MinterEllison partner Wissam Abwi said that “this sale represents the global, long-term confidence in Australia’s student housing prospects and other emerging assets. With international students once again being welcomed following the CCOVID-19 lockdowns, it represents the market’s optimisation that this sector will re-emerge strongly.”