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Wednesday, May 25, 2022

The largest single phase student development accommodation in SA

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Cape Town station will soon see a new 23-storey student housing development – the largest single phase student development accommodation in South Africa, developed by Eris Property Group. The development will address the severe shortage of student accommodation and provide 3000+ beds in the heart of the CBD.

The development is not just a secure investment, but will also make a difference in many students’ lives.

Interestingly, although the principle of every student accommodation build by Eris is the same – affordable student accommodation, run by an impressive tech-driven property management system, which follows green design principles – the priorities for students differ between cities.

Amenities at every Eris student accommodation includes: Study area/ meeting rooms, Computer Labs, Study Tables, Chairs and Whiteboard, Lounge/ TV room, Games Room, Gym, Green Breakaway Areas, TV and Furniture, Braai Areas, Washing Machines, and Tumble Dryers.

No matter which city students live in, the student accommodation rates are extremely affordable. Around 75% of the rentals in the Eris student accommodation portfolio are within the specified price range, which is set out by the National Student Financial Aid Scheme (NSFAS), with the aim to have all-inclusive rentals that have no additional costs for electricity, water, Wi-Fi and laundry.

Fortunately, regardless of the area, students from any tertiary institution in the specific areas can apply to stay at Eris’s student accommodation. There is also the option for universities to take out a head lease and have a certain block or section of the development allocated to students from that specific university.

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