Upmarket flats for live-in scholars
The University of Melbourne is building one of the largest privately-owned student accommodation facilities in the world.
College Square will provide upmarket accommodation for 1,000 students in self-contained fully-furnished apartments at a former administration site.
'As one of the world's leading universities, quality student accommodation is an essential part of our strategy,' Professor Barry Sheehan, the university's deputy vice-chancellor, said. 'The project will provide first-class student housing immediately adjacent to the university.' The development was spurred after 2,000 students missed out on college accommodation last year and were forced to hunt for housing alternatives. The number of students living in the central business district is also expected to increase by 30 per cent to more than 13,000 over the next three years.
College Square will have a wide range of facilities such as a fitness centre, swimming pool, varsity club lounge, bistro, seminar and function rooms, medical centre, 24-hour security and parking facilities.
College Square will be managed by an internationally recognised management group, which will administer all costs, rental collection, on-site management and selection of tenants as well as providing support services including counselling.
College Square is due to be completed in August. Apartments will be available for lease from October.