Tuscan Corporation’s student accommodation business, Campus Living, opened its first village at the University of Sydney in 2003. Transfield Holdings, an office neighbour of Tuscan’s at Walsh Bay, acquired a 50% share in Campus Living in 2004. At that time, the business had developed approx. 600 beds at the University of Sydney together with several prospects in Australia and New Zealand. In 2005, the business was renamed Campus Living Villages (CLV) and a year or two later Transfield acquired the remaining 50% from Tuscan. Since then, CLV has experienced significant international growth, demonstrating the capability and credibility of its operational and development expertise.