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BROOKLYN STUDIOS
51 Lynnwood Rd, Brooklyn, Pretoria
STUDENT ACCOMMODATION REIT
Growthpoint Properties launched South Africa’s first unlisted purpose-built student accommodation Real Estate Investment Trust (REIT) in December 2021. Growthpoint’s student residence platform, now called Thrive Student Living, features well-located, modern properties, and additional projects in the pipeline. Growthpoint’s R490m investment represents a 20.9% shareholding in the unlisted REIT and will remain a core investor in the fund, targeting to own between 15% and 20% of the equity in the REIT in future. Growthpoint is the fund manager and assumes overall responsibility for the success of the Student Accommodation REIT, while Feenstra has a 7% holding in the REIT. Feenstra Group, a company majority controlled by Feenstra, is the appointed property manager for the REIT.
Thrive Student Accommodation
More than accommodation, we wanted to create something that affords students an opportunity to get the most out of their tertiary education. Thrive Student Living offers carefully designed spaces in a secure, comfortable, and social environment. Our portfolio of student accommodation is conveniently located close to universities and major colleges in Johannesburg, Pretoria, and Cape Town. Each property in our portfolio offers a range of room options and an extensive list of amenities and activities to complement the student life experience.
Pipeline Developments
The Student Accommodation REIT continues to advance its development pipeline, including the construction of Thrive@Hluma Studios in KwaZulu-Natal, near the University of KwaZulu-Natal’s Howard College campus in Durban. The development will open for the 2027 academic year.
Thrive Student Living Portfolio
Thrive@Peak Studios
Number of beds: 563 | Ideal for students from: University of Cape Town.
Thrive@Apex Studios
Number of beds: 901 | Ideal for students from: Wits University.
Thrive@Kingsway Place
Number of beds: 665 | Ideal for students from: University of Johannesburg, Wits University.
Thrive@Richmond Central & The Richmond
Number of beds: 388 each | Ideal for students from: University of Johannesburg, Wits University.
Thrive@Varsity Studios
Number of beds: 953 | Ideal for students from: University of Pretoria.
Thrive@Festival's Edge
Number of beds: 605 | Ideal for students from: University of Pretoria.
Thrive@Brooklyn Studios
Number of beds: 714 | Ideal for students from: University of Pretoria.
Thrive@Studios Burnett
Number of beds: 1 000 | Ideal for students from: University of Pretoria.
Thrive@Hatfield Studios
Number of beds: 980 | Ideal for students from: University of Pretoria.
Thrive@Horizon Heights
Number of beds: 810 | Ideal for students from University of Johannesburg, Wits University.
Thrive@Fountains View
Number of beds: 895 | Ideal for students from Sefako Makgatho Health Sciences University, University of Pretoria (Groenkloof Campus), Tshwane University of Technology (TUT).
Thrive@Arteria Parktown
Number of beds: 481 | Ideal for students from: WITS University Medical and Education Campuses.
Thrive@Crescent Studios
Number of beds: 871 | Ideal for students from: WITS University.