Greystar engaged Allens over its acquisition of a AUS$1.6bn Australian PBSA portfolio, which was acquired in December 2024. The company described the acquisition as being one of the biggest of its kind in Australia.
The portfolio consists of seven PBSA assets – totalling 5,662 beds – located in Sydney, Melbourne, Brisbane, Adelaide and Canberra.
The acquisition not only reinforces Greystar’s position as a global leader in PBSA, but it also underscores the company’s commitment to developing innovative housing solutions that meet the evolving needs of residents, as well as supporting local communities.
“This acquisition highlights the increasing private capital interest in student accommodation and the strong demand for high-quality, well-located PBSA assets.
“We are proud to have played a role in enabling this significant market development.”
Penny Nikoloudis, Partner, Allens
These efforts demonstrate Greystar’s ability to adapt its global expertise to meet the specific needs of regional markets, enhancing housing options for diverse communities.
The transaction demonstrated Allens strengths working across many practice groups, including real estate, funds, finance, corporate and construction.
“Having worked closely alongside Greystar since its arrival in Australia, we are proud to have supported them on this landmark transaction, which reinforces its position as a leader in the living sector in Australia and globally.”
Tim Chislett, Partner, Allens
