Student accomm lands at Boeing
28 July 2015
Student One, a premium student accommodation brand, was launched in Brisbane with the help of Brisbane Lord Mayor Graham Quirk, paving the way for up to 3000 new beds to be developed over the next four years in the city’s CBD.
Launching its operations in Brisbane, Student One is the newest entrant in the Australian student accommodation market. The first of Student One’s new developments, the $110 million 687-bed redevelopment of its 18-storey 363 Adelaide St premises – the former Boeing Building on the corner of Wharf St – is already underway.
Lord Mayor Graham Quirk said his dedicated Student Accommodation initiative had brought about an opportunity to attract high-quality providers like Student One.
“The latest approval for the 16-storey ‘Boeing House’ involves a conversion into a mixed use premises for student accommodation and will allow for five retail tenancies fronting Adelaide St and Wharf St at the ground floor,” Cr Quirk said.
“By attracting high-quality developers like Student One, we have the opportunity to generate purpose-built, high-quality student accommodation and have greater capacity to attract international students to choose our city as their ideal study destination.”
Student One Chief Executive Officer Tim Weston expects the premium student living provider will welcome its first residents by July 2016.
“Student One will provide Australian and international students with an entirely new standard in student living, with a focus on encouraging a thriving community of residents, each with aspirations to succeed in their chosen field of study in Brisbane,” Mr Weston said.
The development will feature 365 student accommodation rooms with 700 beds, 188 bicycle spaces, recreational and meeting spaces, an outdoor terrace, lobby areas, laundry facilities and indoor gym.
“We have engaged a team of local architects, builders and executive management with proven experience domestically and internationally, to design and deliver a world-class student living environment on Adelaide St,” Mr Weston said.
In 2013, the Australian Bureau of Statistics (ABS) reported that international education is Australia’s third largest export , behind iron ore and coal, contributing $15.7 billion to the Australian economy in the 2013/14 financial year.
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2 Australian Government Department of Education and Training (November 2014) – Export Income to Australia from international education activity in 2013/14.