This is pretty telling - more detail disclosed RE Student...

This is pretty telling - more detail disclosed RE Student Accomidation that wasn't provided in the market update, just that they reviewed it and were not proceeding with the project.


The impact of a substantial operational review of Blue Sky Real Estate’s Brisbane-based parent, the listed Blue Sky Alternative Investments, is being felt in Perth where the construction of the $70 million Wellington Street student tower is on hold.
...
A review of Blue Sky Alternative Investments’ operations has led to it cancelling plans for a Sydney student tower and postponing one in Melbourne.
“As a result,” Blue Sky told investors yesterday, “our proposed lender was not able to provide a debt facility for the project on the same terms as set out in its initial commitment letter.
“We are therefore seeking debt finance for the (Perth) project on a standalone basis.”
https://thewest.com.au/business/com...vestments-student-tower-on-hold-ng-b88870841z