Elmstead Place

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Background

• Over 2,000 ensuite units came to the macro market over a 2-year period resulting in occupancy challenges.

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AREA role & workstreams

• Oversight of capital works including converting large +18 sqm ensuite units into studio's and smaller 14 sqm ensuite into ‘micro studios’ to provide a point of distinction in a tight marketplace.
• Occupancy improved from 60% in 24/25 AY to 99% in 25/25 AY