Thrive Student Living accommodation project, South Africa
Name of the Project
Thrive Student Living accommodation project.
Location
Howard College Campus of the University of KwaZulu-Natal in Berea, eThekwini, South Africa.
Project Owner/s
Growthpoint Properties.
Project Description
The project will result in 2 400 student beds being available in the province, which research shows has the biggest shortage of student accommodation in South Africa.
The new 12-storey building will incorporate the red face-brick that is an architectural signature of the Berea area.
The design also includes all the added amenities that Thrive Student Living accommodation offers, such as study areas and games rooms, gyms and IT rooms, as well as backup power and water.
It has also been designed to include a small ground-floor retail area for daily convenience, which will serve building residents, other students and the immediate community, as there are no other such amenities in the area.
Potential Job Creation
Not stated.
Capital Expenditure
R800-million.
Planned Start/End Date
The project’s first students are expected in January 2027.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Growthpoint Properties, tel +27 11 944 6000 email investorrelations@growthpoint.co.za; or Durban regional office, tel +27 31 584 5100.
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