trending Market Intelligence /marketintelligence/en/news-insights/trending/4J_9wZS7dZJ92GMIW5v0Yw2 content esgSubNav
In This List

AXA Investment JV to purchase Urbanest


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

AXA Investment JV to purchase Urbanest

A joint venture by AXA Investment Managers - Real Assets, Allianz SE and APG is collaborating with Scape Australia to acquire Urbanest.

Urbanest holds the largest purpose-built accommodation portfolio in Australia, with 6,805 beds and an average asset age of around 4.5 years.

According to a Dec. 11 press release, the joint venture's student housing portfolio in Australia will have a total of 10,315 beds following the acquisition.

The portfolio, which spans 14 operational sites in Sydney, Melbourne, Brisbane and Adelaide, was expected to raise more than A$2 billion in September.