Allianz Swoops On Student Housing Towers

Global insurance giant Allianz has snapped up 1,391 beds of student accommodation in Melbourne for $459 million from South African REIT Redefine Properties.

The towers at 18 Leicester Street and 500 Swanston Street, Carlton form part of Journal Student Accommodation Fund.

Development of Leicester Street, an 804-bed facility, was completed in 2018 while the development of the 587-bed Swanston Street property was completed in May 2020 by contractor Icon …

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