TUHF
Since launching in December 2021 , it has raised R1.4bn in equity , including Growthpoint ’ s co-investment of R240m , and continues to attract solid investor interest . Growthpoint Investment Partners has appointed a dedicated Fund Manager of Growthpoint Student Accommodation REIT , Amogelang Mocumi .
Its portfolio of 7,200 beds for the 2023 university year is valued at some R3bn . The properties include Burnett Studios , Hatfield Studios , Festival Studios , Varsity Studios , Kingsway Place , The Richmond and Central Studios . Each Thrive Student Living residence is an inclusive community for learning located a short walk from its university campus . While part of a national network of student accommodation , each has its own identity and character , unique to and created by its community .
With Growthpoint Student Accommodation REIT expected to achieve significant growth towards a national tertiary education footprint with prime
tailor-made new developments for which there is a great demand , its positive impacts go beyond education and ultimately boost job opportunities , municipal revenues and communities .
George Muchanya Head of Growthpoint Investment Partners & Manager of Growthpoint Student Accommodation REIT
SA Real Estate Investor Magazine OCT 2022 111