Home » Industry News » Property Development Sector » Excellence awards for developing student accommodation

Excellence awards for developing student accommodation

GROWTHPOINT Properties’ purpose-built student accommodation developments excelled at the recent SAPOA Property Awards in Innovative Excellence, winning two prestigious categories that recognise development distinction within the real estate industry.

Peak Studios in Observatory, Cape Town, was awarded top place in the Heritage category and Apex Studios in Braamfontein, Johannesburg, won the Student Accommodation Award.

These esteemed awards by the South African Property Owners Association (SAPOA) highlight the ingenuity of the winners’ vision, passion and dedication in South Africa’s modernised property industry.

The two award-winning student residences were Growthpoint’s first foray into developing purpose-built student accommodation.

Both Apex Studios and Peak Studios are part of the Thrive Student Living by Growthpoint portfolio. They opened for the 2023 academic year and have surpassed expectations, achieving 100% and 98% occupancy rates respectively, demonstrating instant commercial success as well as quality development.

“With strong demand, we have acquired a further three sites that Growthpoint’s multi-award-winning development team will complete for the 2025 and 2026 academic years, two near Wits University and one at the University of KwaZulu-Natal,” reports Amogelang Mocumi, Fund Manager of Growthpoint Student Accommodation Holdings.

Heritage Award

Peak Studios houses 563 students in a new nine-storey residence that repurposed a heritage building to serve the surrounding University of Cape Town and other private institutions of higher education. The property comprises two buildings: a new, multi-storey residential building inspired by the older heritage building facing Main Road. The new residence building reflects a contemporary interpretation of the existing building’s geometry to create a unique addition to the area.

The offices, communal areas, gym, laundry and study areas are in the heritage building, which seamlessly ties into the new residential building on the ground floor. The main circulation area spills out onto an interior courtyard, extending the space for exercise and relaxation to the outside. Hugging this larger green area, the new building creates various safe, inspiring interior and exterior spaces for studying, gathering and living.

Student Accommodation Award

Apex Studios houses 901 students over 13 storeys in a new residential building which consists of a variety of unit types, each with a private shared bathroom and kitchen lending itself to an apartment style of living. As part of its development, an existing heritage building on the site was restored externally and extensively refurbished internally to house all the unique common spaces such as the study centre, lounge areas, games room and gym.

A standout feature of Apex Studios is its prime position directly opposite the main University of the Witwatersrand campus.

To enquire about Cape Business News' digital marketing options please contact

Related articles

Redefine redevelops Black River Office Park amid demand for quality office space in the Western Cape

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) will continue to invest in the redevelopment of Black River Office Park, one of...

Why the Western Cape’s industrial property sector is booming

Cape Town industrial property continues to see positive growth as the city is seen as the better place to live and do business. Urban...


Cape Chamber welcomes Western Cape inter-governmental dispute amidst investor uncertainty

Mr Jacques Moolman, President of the Cape Chamber of Commerce & Industry. The private sector is facing a new epidemic of uncertainty prompted by Government...


Cape Business News
Follow us on Social Media