The PBSA aims to provide modern and affordable accommodation to students studying in Melbourne, particularly the students of the University of Melbourne and the Royal Melbourne Institute of Technology (RMIT). Both universities are located near the building.
Catalist-listed HS Optimus (formerly KLW Holdings) has entered into a non-binding memorandum of understanding (MOU) with Australian property development and project management firm, Fathom Developments. The MOU was signed on July 7 by HS Optimus’ wholly-owned subsidiary, Ambertree Vic Mel (Lincoln).
Under the MOU, HS Optimus will collaborate with and grant Fathom a period of exclusivity to apply for the relevant planning permits and to explore opportunities to jointly develop HS Optimus’ property located at 23-31 Lincoln Square South, Carlton, into a purpose-built student accommodation (PBSA).
