Brisbane, Australia – Cedar Pacific and the Commonwealth Bank of Australia (CBA) have successfully completed $156 million Green Loan refinancing across a portfolio of operational purpose-built student accommodation assets in Melbourne.

This marks the first Green Loan established between Cedar Pacific and CBA, underpinned by the assets’ 5 Star Green Star Design and As Built certifications. The refinancing reflects a shared commitment to environmentally sustainable development and high-quality student living.

Located near Melbourne Central, the properties benefit from excellent connectivity to the Melbourne tram network, easy access to major university campuses, and proximity to the vibrant cafés and restaurants of Hardware Lane. Key features include the retention of the Wills Street heritage façade and the delivery of La Trobe’s market-leading gymnasium as part of the precinct.

The projects form part of the La Trobe Student Growth Corridor (LSGC) and support the broader goal of delivering well-located, amenity-rich and environmentally responsible housing options for Melbourne’s growing student population.

Brendan Mulvogue, Cedar Pacific’s Director of Debt Capital Markets, commented:

“We are pleased to continue our partnership with CBA through this milestone Green Loan transaction. These assets reflect our strategic focus on long-term positive ESG outcomes and reflect our ongoing commitment to delivering sustainable, high-quality student accommodation that integrates heritage character and leading amenity.”

Charles Davis, Head of Sustainable Finance, CBA said:

“We are proud to support Cedar Pacific in delivering student accommodation that combines strong sustainability credentials with community-focused design. Our role as sole financier reflects our commitment to supporting our clients who are building tomorrow’s cities and playing a leadership role in our transition toward a more sustainable economy.”

About Cedar Pacific

Cedar Pacific is an Australian investment management firm focused on the development and operation of purpose-built accommodation in key education and lifestyle precincts. Through its active ESG strategy and long-term partnerships, Cedar Pacific aims to deliver high-quality living environments that create enduring value for investors, students, and the wider community.

For Media enquiries:

Anna Green
Head of Human Resources
0409 571 510
anna.green@cedpac.com