Soon after, Transfield Holdings acquired a stake in Campus Living, an enterprise specialising in student accommodation. Campus Living was managing a 650-bed student housing facility for the University of Sydney. By 2006, Transfield Holdings had become the sole shareholder and grown the business to some 6000 beds in the pipeline in Australia and New Zealand. In the same year, the company acquired 100% of Century Campus Housing, the largest US on-campus provider of accommodation with almost 20,000 beds under management, employing some 650 personnel and turning over US$40 million.
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