Greater Curtin: Stage One

Bentley, WA

Live-in Learning, a consortium of Tetris Capital, InfraRed, Programmed FM, Unilodge, St Catherine's College and Probuild reached financial close on the first stage of the Exchange project in June 2019. The consortium will finance, design, build and maintain 900 student beds, education facilities, self-contained apartments, commercial and retail space, a 60 room hotel and a sector leading renewable energy solution, in addition to managing the operations of 1,100 existing student beds.

 

Construction of the facilities will be undertaken by Probuild, with completion scheduled for 2022. Programmed FM will be responsible for maintaining existing student accommodation assets from financial close as well as all of the additional facilities built by Probuild for the concession which ends in 2054. Unilodge and St Catherine's College will be responsible for operating all student accommodation from financial close until the end of the concession in 2054.

 

Tetris Capital was the financial advisor on the project providing support in bid coordination and management and will act as the long term asset manager for the concession.

 

All ​assets are to be returned to Curtin University at the end of the concession in 2054.

LOCATION

Perth, Western Australia

CLIENT

Curtin University

TOTAL VALUE

$300m

OUR ROLE

Financial Advisor

Bid Coordination

SPV / Asset Manager

BUILDER

Probuild

ARCHITECT

Nettletontribe Architecture
Six Degrees

Christou
Realm Studios

SERVICES CONTRACTOR

Programmed Facility Management

FINANCIAL CLOSE

2019

COMPLETION DATE

2022

CONTRACT TYPE

Design, build, finance, maintain (DBFM)

Melbourne

Level 44, Rialto Building
525 Collins Street 

Melbourne VIC 3000 

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Sydney  

Level 3 
10 Bond Street

Sydney NSW 2000

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