More than 500 000 students are in need of dedicated beds located close to their respective universities, according to a 2020 study conducted by the International Finance Corporation (IFC).
This shortage is expected to grow by more than 50% over the next three years as government’s ambition to increase enrolments outpaces the development of new student housing.
South African Student Accommodation Impact Investments, an investment platform managed by Eris Property Group, recently raised R400 million to increase committed capital to over R1.2 billion. The platform was said to now be able to initiate new projects that, once developed, would provide beds for more than 12 000 students in…
South Africa Education News