The property located on the corner of Victoria Street and Hindley Street in Adelaide's CBD will be renamed to UniLodge @ Metro Adelaide to reflect UniLodge's recent appointment.

UniLodge was chosen by the developer - a joint venture between Macquarie Bank and South Australian construction company Built Environs - for their proven track record in student accommodation management and their strong reputation with both students and investors.

Construction of the state-of-the-art facility will be complete in December 2008, ready for the next student intake in 2009.

Invest in student accommodation and receive high returns @ affordable prices. With student numbers already outstripping rental supply in Adelaide, now is the time to invest in student accommodation. UniLodge @ Metro Adelaide is a solid investment package perfectly placed to capitalise on Adelaide's low vacancy rates, with gross income circa 7.5% pa.

Visit www.unilodgemetroadelaide.com.au for further information.