Wakefield Street
LiveStay Unveils First Integrated Veriu and UKO Development
Scheduled to open in 2028, the development will feature 120 Veriu apartment hotel keys and 120 UKO co-living residences, representing the first fully integrated expression of the LiveStay model. Located at 124 Wakefield Street in the Adelaide CBD, the project has been designed to cater to a broad mix of demand, from overnight corporate travellers through to extended-stay guests and long-term residents.
“Wakefield Street is a strong example of where the market is heading,” Sanjana said. “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 offer a mix of studio, studio interconnecting & accessible options suited to families, colleagues and group stays, while UKO will deliver community-focused living for longer-term residents. The development will have two conference spaces, resident communal spaces, a gym, lobby, guest pantry and car parking spaces.
The Adelaide location was selected based on strong underlying fundamentals, including sustained corporate travel demand, a growing visitor economy and major activity across events, education and health sectors.
“Adelaide continues to see consistent demand across multiple segments, and there’s a clear opportunity for more flexible, apartment-style accommodation,” Sanjana said. “This development allows us to meet that demand in a way that’s both operationally efficient and customer focused.”