COVER FEATURE
has been rated independently as the best student accommodation portfolio in South Africa .
According to Feenstra , there are a lot of misconceptions around student accommodation shortages in South Africa . He maintains that reports that cite ‘ huge shortages ’ are all theoretical .
“ I don ’ t think there are real or major shortages , because every student lives somewhere , either at home , in a commune , or a flat ; they just might be living in in conditions that may not be conducive to their studying ,” explains Feenstra .
“ It ’ s just very clear that you have to produce a value proposition that works for the student ; it ’ s your product , the price at which you put it on the market and your position that will determine whether a student moves from where he is now to your development ,” says Feenstra .
New Student Accommodation Fund South Africa ’ s largest JSE-listed property counter , Growthpoint , is forging ahead with its expansion into the burgeoning student accommodation property market , having made its first acquisitions . It plans to launch a new specialist student accommodation fund with an initial asset base of around R2 billion .
4 DEC / JAN 2022 SA Real Estate Investor Magazine