This article is from the Australian Property Journal archive
ADELAIDE will be home to the world’s tallest exclusive-use student accommodation building after Hines Property received the green light for its proposed 124.2-metre tower at 29 Twin Street from South Australia’s State Commission Assessment Panel.
The $85 million, 38-storey development between Grenfell Street and Rundle Mall will pip the current title-holder, the 122-metre high Student One Wharf Street tower in Brisbane.
It will include a range of offerings, from single studio rooms to five and six-bedroom apartments, with a total of 510 beds.
Features will include a ground floor lobby and café, communal mezzanine lounge, cinema and events space, as well as study and dining area, garden retreat and a rooftop lawn, gym, wellness and yoga space.
Hines Property managing director, James Hines said the project team is now looking forward to progressing plans to construction stage next year.
“Receiving formal approval is another important milestone for this fantastic project, which will set a new standard for student accommodation.
“We’re literally taking modern student accommodation to new heights, and look forward to turning our vision into reality with a world-class development that will cater for rising demand in Adelaide for high quality student accommodation,” Hines said.
Privately-owned developer and investor Hines Property was established in 2003 and focuses on high-rise residential, office, hotel and mixed-use development projects, and has undertaken several-hundred million dollars’ worth of developments in the Adelaide CBD.
Hines Property is also the largest owner of hotel accommodation in Adelaide. Its 600-plus hotel room portfolio, includes the five-star Pullman Adelaide Hotel and the premium economy Ibis Adelaide Hotel.
Australian Property Journal
