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Australia: LiveStay, a national operator that this week combined its operations under one brand, has begun construction on a combined hotel and coliving tower in the Adelaide CBD for its rebrand debut.
LiveStay is the new overarching brand launched this week that brings together Veriu Hotels & Suites, Punthill Apartment Hotels and management firm UKO.
Scheduled to open in 2028, the 17-storey tower will comprise 120 coliving homes and a 120-key hotel.
To be built on a site at 124 Wakefield Street in the Adelaide CBD, the hotel and coliving tower will cater to overnight corporate travellers, extended-stay guests and long-term residents. The target demographic for the property will be residents aged 20 to 35.
UKO – an operator of coliving and build-to-rent properties – will deliver community-focused living for longer-term residents.
The project will have two conference spaces, communal areas for residents, a gym, lobby, guest pantry and car spaces.
LiveStay managing director Rhys Williams, said: “It makes for a very efficient design because the boundaries are blurring between short, medium, and stay in city living. And so having products that can support a diverse length of stay and meet the needs of people coming into a city is really important. It could well be the case where someone checks in and they stay in the apartment hotel for two weeks but then their contract’s extended and they want to be there for six months, and they can move within the tower and meet their needs that way.”
LiveStay chief executive Zed Sanjana added: “By combining different living models within one asset, we can create more resilient, higher-performing developments that respond to multiple demand streams. The Veriu component will have a mix of studio, studio interconnecting and accessible units suited to families and group stays.”
LiveStay launched with 90 sites operating or under construction in all Australian jurisdictions apart from the Northern Territory. The group’s assets comprise 5950 keys, and construction on a further six sites is due to begin this year and next. Recent activity includes the opening of Punthill Narrabundah in Canberra and a pipeline of new projects including sites at Ryde, Epping, Shepparton, South Yarra and Albury.
Highlights:
- LiveStay has commenced construction on a 17-storey development at 124 Wakefield Street in Adelaide, delivering 120 co-living units and a 120-key hotel by 2028
- The project is designed for corporate travellers, extended-stay guests, and residents aged 20–35, reflecting growing demand for flexible city living
- LiveStay unifies Veriu Hotels & Suites, Punthill Apartment Hotels, and UKO to deliver a blended hospitality and residential offering
- Features include conference spaces, communal areas, gym, guest pantry, and shared facilities supporting both short- and long-term stays
- LiveStay launches with 90 sites and 5,950 keys across Australia, plus additional developments planned, positioning it for growth in hybrid living and hospitality sectors
