News
April 2008
Investors Looking For Purpose Built Student Accommodation Facilities In Australia and Throughout Asia
Our call for investment partners in joint venture student accommodation development projects last month has led to unprecedented enquiry.
Auskor Australasia received responses from both prospective individual and institutional investment partners across Australia, through Asia and even Europe proving that student accommodation development opportunities in Australia are of significant interest.
Mr. Geoff Denison, CEO, Auskor Australasia said " With project partners established for our joint venture opportunities in Western Australia and Victoria, Auskor Australasia remain interested to hear from stakeholders in existing student accommodation businesses across Australia and throughout Asia looking to sell, increase their room capacity through further capital investment or simply change management companies."
Asked as to why the market response was so great , Mr. Denison said, " Student accommodation projects have only recently been recognised as a stand alone asset class. While investors were immediately drawn to student accommodation projects as a result of this decision, many quickly discovered that the business is highly specialised and many lacked confidence in entering into projects without access to an experienced operator."
" Our invitation to partner with investors provides the last piece to the puzzle and will add creditability to any student accommodation project . Its a very exciting time for Auskor Australasia." said Mr. Denison.
Auskor Australasia invites stakeholders in existing student accommodation businesses across Australia and throughout Asia looking to sell, increase their room capacity through further capital investment or simply change management companies to email us for more information.
March 2008
More Joint Venture Partnership Opportunities Announced
Two more joint venture partnership opportunities were announced during the week.
The student accommodation project in Western Australia offers and opportunity for Auskor Australasia and its nominated partners to finance, build and operate several large scale student housing developments in conjunction with a high profile Western Australian University.
A second opportunity exists in Victoria where a " purpose built " student accommodation facility has fallen back in the hands of the mortgagee prior to the doors opening. Auskor Australasia are seeking an investment partner to partner in the purchase of the facility with a view to operating.
Australian and international partners are invited to contact Auskor Australasia for more information.
Email us for more information.
February 2008
Auskor Australasia Plan To Offer The Full Development Package
Auskor Australasia announced plans to offer the complete development / management package to the market by the end of 2008.
As a initiative designed to counter a lethargic approach by the tertiary sector in dealing with the rental property crisis across Australia, Mr. Geoff Denison, CEO, Auskor Australasia, announced this month, plans to offer the market the complete " finance, build and operate " development option by the end of the year.
Mr. Denison said " strategic partnership talks had already began with a number of finance partners and commercial property developers across Australia. Interested parties are united in their frustration of the bureaucratic barriers consistently thrown up by the tertiary sector to prevent good quality purpose built facilities from ever getting off the ground. "
Next year, Auskor Australasia will be able to offer University partners a model that will " tick all the boxes " , leading to a higher rate of conversion from development enquiry to commitment from the tertiary sector.
" The demand for safe, affordable, purpose built and professionally managed student accommodation has never been greater as students struggle to afford quality accommodation together with the increasing tuition fees required to service an international education. If the market doesn't embrace strategic partnership opportunities to facilitate an increase of student accommodation stock nationally, it is bound to impact on Australia's ability to maintain, let alone increase international student numbers." said Mr. Denison.
" As it stands today, students are already experiencing bidding wars to secure rental property and there would not appear to be any sign of respite over the next two years at least." said Auskor Australasia's Chief Executive Officer.
Email us for more information.
January 2008
CEO Predicts Biggest Year Ever For Auskor Australasia in 2008
Auskor Australasia's, Chief Executive Officer, Mr. Geoff Denison, predicts that 2008 is set to be the company's busiest since its formation in October 2004.
Returning from a marketing trip through South East Asia earlier this month, Geoff said " offshore investor interest in new student accommodation projects in Australia has never been better particularly from those countries that have developed close ties with Australian Universities over the last decade. "
" The interest is being driven typically by graduates of Australian Universities who have returned home and now hold influential positions in large companies. The recent change in government in Australia, increased international media coverage of Australia's rental property crisis and individuals first hand knowledge of the difficulties associated with securing student accommodation in all states in Australia in 2008 has led to renewed investment interest."
Mr. Denison says " Brisbane and Adelaide offer the best potential for large scale student accommodation development projects " and added " if you are a stakeholder in an existing student accommodation business and are struggling to generate an occupancy above 95% then you need the services of a professional student accommodation management company. The market across Australia is hot right now and there is no excuse for poor or average performance in 2008."
Benefit from the experience and specialist skills of Australia's leading consultants in the field of student accommodation management and project development by engaging Auskor Australasia.
Email us for more information.
December 2007
Auskor Australasia's CEO provides expert opinion in The Australian Financial Review
On Monday 22 October 2007, The Australian Financial Review published an article titled " Cash Strapped Uni's Offer Land For Digs ".
The article reported on a change of priorities within Universities, brought about by the severe shortage of rental accommodation in most Australian capital cities as the country moves deeper into a rental property crisis.
Whilst Universities have been happy to sit back and let students find accommodation in the private rental market in the past, students in particular international students are having more trouble sourcing and affording rental properties in major Australian cities. The Financial Reviews article reported that Universities now fear that a lack of suitable accommodation will begin to significantly impact on their ability to recruit international students in future.
Auskor Australasia's Chief Executive Officer was asked to provide opinion on the state of the South Australian market and The University of Adelaide's expansion plans based on t he success of its latest development, the 400 bed , University of Adelaide Village,
Mr. Denison's contribution to yet another student accommodation market report, further enhances his reputation as an expert in the specialized field of student accommodation management and project development, having already been featured in similar articles in The Australian and The Age newspapers in the last 18 months.
Benefit from the experience and specialized skills of one of Australia's leading consultants in the field of student accommodation management and project development by engaging Auskor Australasia.
Email us for more information on how Auskor Australasia can assist you today.
November 2007
Australia's rental crisis forces education providers into action.
This month has seen a noticeable increase in enquiries from University's and private education providers alike, seeking Auskor Australasia's expertise in developing a managed accommodation portfolio on their behalf.
With rental vacancy levels sitting at less then 2% in most major cities in Australia and mortgage interest rates on the rise decelerating any growth in rental property stock, education providers can no longer rely on the private rental market to adequately cater to an increasing number of student enrolments. For more information check out Auskor Australasia's Market Opinion
If you are interested in developing purpose built accommodation stock in a convenient location to a tertiary institution, TAFE or private college contact Auskor Australasia.
To contact a Project Development consultant email us
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Address: Auskor Australasia; P.O. Box 3379, Rundle Mall, South Australia, 5000, Australia;
Office: + 61 (08) 8337 1660; Mobile: + 61 (0) 421 319 711
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Email: info@auskor.net ; ABN: 062 300 675 840; Skype: auskor.australasia
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