Simeka was, through a tender process, awarded a contract to build a 900-bed student accommodation facility on behalf of UniVen. The university has entered into an agreement providing a guaranteed off-take of 70% of the beds to be built by Simeka.
Simeka has identified and acquired a site on which to house the development. A full professional team has also been appointed and the project fully costed. The current focus is on securing the requisite construction and development financing.