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Here Is Why Students Need Accommodation

Land barker Joff van Reenen, a property industry veteran and establishing accomplice of High Street Auctions, says he has "at no other time" seen the requirement for understudy lodging however high as it could be presently, nor the timing so great for profiting by this interest.

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"Whenever the World Bank Group's International Finance Corporation (IFC) was exploring the practicality of putting R150 million in a neighborhood property organization's arrangement to foster convenience center points for an extra 16 000 understudy beds, it caused to notice the way that South Africa's understudy lodging supply-request hole previously surpassed 500 000.

"The IFC's report likewise figure that, by 2025, the understudy convenience lack would ascend to in excess of 780 000 beds, presumably undoubtedly somewhat provoking its choice a year prior to continue with the speculation."

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According to besides, he, in December, Growthpoint Properties sent off an unlisted understudy convenience REIT with a R2 billion seed portfolio and endorsement from the National Student Financial Aid Scheme (NSFAS).

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High Street Joff van Reenen


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