Eos Capital, through the Namibia Infrastructure Development and Investment Fund (NIDIF), has invested in StudentStay, a developer of two student accommodation buildings with a combined 752-bed capacity at the doorstep of the Namibia University of Science and Technology (NUST). This investment is expected to transform the student accommodation landscape in Windhoek and play a crucial role in fulfilling NIDIF’s mission to develop economic and social infrastructure assets in Namibia.
Despite the increasing demand for student housing, Windhoek faces a scarcity of purpose-built student accommodation infrastructures, with only three currently in existence. Recognising this gap, Eos Capital’s investment will address the pressing need for modern, safe, and affordable accommodation for tertiary students in the region. By providing a conducive learning environment, this investment is expected to improve educational outcomes in Namibia and ultimately contribute to long-term economic growth and prosperity in doing so.
The project created over 100 jobs during the construction period, which aligns with Eos Capital’s commitment to not only meeting the demand for student housing but also contributing to local economic development by providing employment opportunities in the country.
Frederico Van Wyk, Eos Capital’s CIO, commented, “We will be hosting the future leaders of Namibia. Everyone deserves equal opportunity, and when we set out to design the assets, quality and affordability were at the centre of our philosophy. StudentStay will be an extension of NUST’s tertiary training, creating a safe and conducive environment for learning. Seeing these buildings take shape in the nexsis of the campus has been an absolute privilege to have made happen.”
StudentStay is open to all students from tertiary education institutions in Windhoek and has taken in its first tenants in February 2024. Interested students are invited to submit applications to secure their place in these state-of-the-art facilities through an online application on www.studentstay.com.na.
Eos Capital is a Namibian private equity firm with over N$ 1 billion in assets under management. Eos Capital manages the Allegrow private equity fund, Euphrates Agri fund and NIDIF. NIDIF targets infrastructure projects in Namibia through equity funding to generate long-term, stable, and robust income yields and capital growth for its investors. The fund’s main target sectors include Energy, Water, ICT, Transport and Logistics, Healthcare, and Education.
StudentStay is a developer of Purpose-Built Student Accommodation assets. The company current owns two facilities in Windhoek West on the doorstep of the Namibia University of Science and Technology with a collective capacity of 752 beds and is currently developing an extensive pipeline in Namibia and the surrounding region. The semi-furnished student accommodation includes access to study facilities, free Wi-Fi, 24-hour security, and free laundry and weekly cleaning services.