Cedar Pacific, a student accommodation provider, has expanded its footprint with a new 579-bed purpose-built student accommodation complex strategically located next to the University of Melbourne’s primary campus to help address a significant supply gap in the market.
Lincoln House, on Bouverie Street in the northern inner-city suburb of Carlton, is a partnership with the University of Melbourne, and will help meet rising demand for student accommodation as domestic and international student enrolments continue to grow.
It will be managed by UniLodge – the largest student accommodation manager in Australia and New Zealand and opens its doors on February 10.
Higher education enrolments in Australia have been increasing steadily over the past 10 years. which Cedar Pacific chief executive Bernie Armstrong says is being driven by a number of factors.
“Our universities and associated accommodation are also generally located in capital cities, close to the CBD, which makes them more appealing to foreign students than those in competing offshore markets,” Mr Armstrong said.