Mapletree Investments has announced its entry into Australia’s student housing sector with the acquisition of a 1,398-square-metre site on Wellington Street, Perth. The site will host a premium 835-bed student housing development, marking the company’s first venture into this market in Australia. The project is set to be completed by 2027, with operations beginning in February 2028.
The development is strategically located near major educational institutions, including Edith Cowan University and Curtin University Law School, and is within walking distance of Perth’s first city-based campus, ECU City Campus, which is scheduled to open in 2026. This prime location is expected to attract a significant number of students, enhancing the demand for student accommodation in the area.
Matt Walker, CEO of Student Housing at Mapletree, highlighted the appeal of Australia’s student housing sector, noting its large student population and limited supply. “Perth remains one of Australia’s most undersupplied central business districts for student accommodation,” he said. The project aligns with Mapletree’s strategy to focus on student housing as a core sector.
The development will feature extensive amenities, including a communal rooftop area, dining and game facilities, green spaces, and leisure options such as a café, gym, music room, and cinema. It aims to achieve a 5 Green Star rating, reflecting its commitment to sustainability.
Mapletree’s expansion into Australia adds to its growing portfolio of student housing assets, which includes properties in the US, UK, Canada, and Germany. The company continues to leverage its real estate capabilities to deliver top-tier assets that appeal to both students and investors.
“`
