Momentum Investments wins SAPOA award for RISE student accommodation

Momentum Investments, together with majority owned subsidiary, Eris Property Group, won the ‘Residential’ category at the South African Property Owners (SAPOA) Property Development Awards for Innovative Excellence which acknowledges some of the most remarkable man-made environments that contribute towards South Africa’s skyline.

Every year, an estimated shortage of 300 000 student beds sets the new wave of tertiary education students off to a very unfortunate start. “Momentum Investments is proud to be invested in this asset – supporting a crucial need in the lives of South African students” comments Sonja Saunderson, CIO at Momentum Investments. “We believe that a healthy environment can lead to greater academic possibilities”.  

Saunderson explains that the Rise Student Living holding forms part of the Momentum Investment’s responsible investment mandate, a core belief of the asset manager.

The initiative is aligned to our philosophy that the generation of long-term sustainable returns is dependent on stable, well-functioning and well-governed systems including social, environmental and economic. As part of our Sustainable Development Goals, we have invested clients’ assets in this initiative”.  

Rise Student Living Units on Park in Hatfield, Tshwane are fully furnished student accommodation right around the corner from the University of Pretoria. The student living philosophy aims to provide accommodation that offers strategic choice of locations, coupled with cutting-edge design and exceptional quality of the buildings.

Source: Propertywheel.co.za | https://propertywheel.co.za/2021/06/momentum-investments-wins-sapoa-award-for-rise-student-accommodation/

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