New university accommodation investment in Hobart University of Tasmania April 5, 2018 Featured, UTAS The University of Tasmania has announced a major project to meet future demand for student accommodation. The University has announced its intention to: Secure private investment to underwrite a new student complex of about 450 beds, worth more than $50 million, at 40 Melville Street, adjacent the recently commissioned Hobart Apartments complex in Melville Street; Work on a range of options with a view to providing 150-200 new beds for Semester 2 this year. Those discussions are commercial in nature and details will be provided as arrangements are finalised. University of Tasmania Vice-Chancellor Professor Rufus Black said the initiatives were part of the institution’s ongoing commitment to provide infrastructure to support student needs and experience. “Our offering to students – both domestic and international – is of the highest standard,” Professor Black said. “These projects combined will ensure we maintain those standards as our growth in numbers continues.” Professor Black said the University would contribute to the community response to accommodation growth and needs both as a driver of demand for student accommodation and through the expertise of researchers with related disciplines such as demography and public policy. “Hobart’s recent growth is the result of positive things: more people wanting to come here to live, study and visit,” Professor Black said. With the right ideas and approaches, the challenges and opportunities posed by the city’s population expansion can be met innovatively and in a way that enhances the lives of all. “The University has played, and will continue to play, an important role in attracting investment which supports Tasmania economically and socially. “By accurately tracking market demands for both students and the broader community, we can provide a strong guide for future private investment in the city.” Professor Black said.