The Graduation of a Sector

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PBSA Sector Report
Australia’s Purpose-Built Student Accommodation (PBSA) sector has witnessed strong development growth and an increase in operational assets to meet the ongoing demand from the rapid influx of international students.  

Colliers International’s new Research and Insights 2018/2019 report for PBSA – The Graduation of a Sector – found several key changes for the industry going forward, including: 
  • The challenges of providing affordable accommodation offerings, including considering new locations;
  • The diversification of room types provided within new developments;
  • The transition from development to operational assets and the unique challenges of providing a housing solution for hundreds of students within a single building;
  • Proposed MIT changes and the potential impact on investor appetite; and,
  • New retail and mixed-use offerings within developments to further drive the attraction and retention of students.

Purpose Built Student Accommodation Sector Report

The Graduation of a Sector

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Related Experts

Guy Wells

Director, Transaction Services | Hotels

Melbourne CBD

Guy has over 10 years of property experience with the primary focus over this time on the Hotel and Student Accommodation market originally in the valuation division and more recently. Guy qualified as a valuer in April 2011 and specialised in the valuation of hotel and leisure assets providing valuation and consultancy advice for a variety of property classes including accommodation hotels, gaming venues, pubs, clubs, motels, tourist parks and reception centres until early 2014. 

Since then Guy has specialised in the the hotel and student accommodation sectors as a Sales agent with a broad base of experience in the sales of pubs, motels, hotels, and student accommodation assets. Guy has been actively involved in the growth of the Student Accommodation sector across Australia particularly within Melbourne transacting a number of sites to a wide variety of major operators.

In addition to traditional real estate sales, Guy undertakes Hotel Management Agreement negotiations having worked for Salta Properties (Hotel Indigo - Docklands), Vicinity Centres (Hotel Chadstone - M Gallery by Sofitel) and Century Group (St Regis Melbourne) amongst others.  

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Baden Mulcahy

National Director | Valuation

Brisbane CBD

Baden is a National Director of the Valuation & Advisory division of Colliers International.  Based in Brisbane, Baden specialises in Hotels and Going Concern properties throughout the Asia Pacific region.

With thirty years’ experience in the valuation profession, Baden has a highly respected reputation in going concern, investment and development property.  Key areas of expertise are accommodation hotels and resorts, licensed premises and clubs, tourist parks, tourist attractions, backpackers, development sites, marinas, golf courses, student accommodation and management letting rights.
 

Baden is a registered valuer in Queensland, an Associate of the Australian Property Institute, as well as a professional member of the Royal Institute of Chartered Surveyors.

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Robert Bird

Valuer | Valuation & Advisory Services

Sydney CBD

My industry focus has led me to work with a variety of clients in the Hotels & Student Accommodation sector, providing a variety of valuation, advisory and feasibility services. This has exposed me to a suite of unique and exciting 'going concern' properties and projects Australia wide.  

I have been fortunate enough to work across a broad variety of accommodation  assets including boarding houses (traditional and new generation), motels, hotels, resorts, purpose-built student accommodation (PBSA), co-living, car parks and major tourist attractions. 

Learning experiences in the past have included investor management, facilities management, property management and dealing with high-maintenance and  distressed properties.

Keen to assist where I can to help unlock opportunities for owners, operators and parties interested in the accommodation sector. 

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Christopher Milou

Head of Hotels | Valuation & Advisory Services

Sydney CBD

I have been involved in the real estate industry for over 20 years and commenced my career at L.J Hooker. After graduating from a Bachelor of Property Economics Degree in 2004, I took up a position with the NSW Department of Commerce valuing a number of government owned assets across the state of NSW.

​In 2007, I joined the Colliers Hotels & Leisure Valuation team where I had the opportunity to value a wide cross section of accommodation and leisure type properties, across Australia. In March 2009, I transferred to the Colliers South Sydney team and have been involved in a cross section of commercial, industrial and residential properties, along with the opportunity to value various types of 'Going Concern' properties including hotels, budget accommodation, student accommodation, boarding houses and car parks facilities.

In 2013, I transferred to the Sydney CBD office, where my primary focus is hotels, student accommodation, backpackers and other accommodation properties.

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