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Redefine expands Australian student accomodation footprint

By:  
Creamer Media Contributing Editor Online
 
PROPERTY
JSE-listed Redefine Properties has acquired a new development site for student accommodation near the Melbourne University, in Australia. The 700-bed development, which will start in 2018, is expected to cost A$103.3-million, with Redefine’s share of the development cost set at A$93-million with 10% income yield.
 
 
 
 
 

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