LiveStay has partnered with The Noordenne Household Group to construct a brand new Punthill property in Bundoora, its third in Melbourne’s quickly increasing northern hall.
Building is underway on the 92-key undertaking forward of its 2028 opening, and reinforces LiveStay’s dedication to high-growth training, well being and industrial precincts.
The most recent marks its eleventh undertaking commenced by the Group up to now 12 months, with the brand new Punthill Bundoora to quickly be a part of Punthill Ivanhoe and the not too long ago opened Punthill Epping inside the landmark $2 billion New Epping precinct.
“Bundoora is precisely the form of location the place the Punthill mannequin performs strongly as a result of it brings collectively a number of long-term demand drivers inside a quickly evolving precinct,” LiveStay CEO, Zed Sanjana stated.
“What makes this chance notably compelling is the distinctive focus of universities, healthcare services, analysis establishments and employment hubs inside a single catchment. Regardless of the size of exercise, there was a restricted provide of high-quality apartment-style lodging, creating a transparent alternative to fulfill the wants of a broad and rising customer market.
“Punthill Bundoora has been designed to reply on to that shift in traveller behaviour by delivering spacious, self-contained lodging that feels sensible for prolonged stays whereas nonetheless providing the service and comfort of a lodge.
“The tempo of funding throughout the broader La Trobe Well being, Training and Innovation Precinct continues to speed up, with main developments strengthening the realm’s function as one in all Melbourne’s key data and employment centres. Because the precinct evolves, we count on demand for high quality lodging to proceed rising, and Punthill Bundoora is effectively positioned to assist that subsequent part of enlargement.”
Punthill Bundoora will comprise absolutely self-contained flats throughout a mixture of Studio, one-, two-, three-bedroom and interconnecting configurations.
On-site services will embody convention and assembly areas, a gymnasium, visitor pantry, reception and foyer space, safe automotive parking and in-room laundry services.
Its location inside the broader La Trobe Well being, Training and Innovation Precinct is predicted to primarily entice the company long-stay market; nevertheless, the group expects a powerful enchantment from leisure travellers, sporting teams and households visiting the realm.
The announcement continues a powerful interval of progress for LiveStay, with an additional 5 websites set to start development in 2026 and 2027.
