GSA tops out $110 million tower Yugo Adelaide City

The student accommodation provider Global Student Accommodation (GSA) has topped out its $110 million tower in the heart of Adelaide. The 118m tall building will be the largest of the GSA portfolio of properties in Australia with 725 bedrooms and extensive communal areas. It is located within 100 metres of the University of Adelaide, the City East campus of the University of South Australia and the South Australian Government’s Lot Fourteen innovation hub on North Terrace. The complex will be operated by Yugo (previously The Student Housing Company Australia) and will be named Yugo Adelaide City. This is GSA’s fifth development asset in Australia, adding to its existing presence including The Boulevard in Perth, Infinity Place and University Square in Melbourne. GSA will manage 2,000 beds in Australia once Yugo Adelaide City is complete, adding to its global footprint of 55 cities across nine countries globally. GSA managing director of Real Estate, James Hunt said the complex is on track for completion in early 2022. “South Australia is a world-class education destination with the University of Adelaide being in the top one per cent in the world with an increase in applications for 2021 despite the pandemic,” Mr Hunt said. The project, which created close to 320 jobs was undertaken by contractor Synergy Construct.