CampusKey lifts student beds target for listing
As a result of the delay, another student property fund will probably beat CampusKey to a listing
CampusKey, owner of prestige "student hotel" accommodation, still intends to list on the JSE but only in 2019 when it owned at least 10,000 beds, says MD Leon Howell. Howell said in September 2016 that he would want the company to own and manage 6,000 student beds before pursuing a listing. CampusKey owns residences housing 4,000 students as well as clubhouses, study rooms, gyms and offices. The company’s high-quality living spaces were comparable to hotels, said Howell. They were geared to children of affluent parents who sought facilities with guaranteed security close to premier South African universities including the University of Cape Town and Stellenbosch University. As a result of the delay, another student property fund will probably beat CampusKey to a listing and become the first provider of student accommodation to come to market. Inkunzi Student Accommodation Fund will be the JSE’s first real estate investment trust specialising in student housing when it lists towards ...