A rare opportunity to purchase a consented Student Accommodation Development in the heart of the CBD Education Precinct.
The property delivers an excellent opportunity to generate exposure to a rapidly emerging asset sector, underpinned by a shortage of supply in Auckland.
With the current consent, the development utilises the air rights from the Fitzroy Hotel into a 14-level student accommodation tower on the adjoining site. This level of site intensity is rare for CBD sites of this size.
Demand for this asset class has been rapidly growing globally, particularly from institutional investors and fund managers. Secure this opportunity now.