Sweet success flows to Hive

Sweet success flows to Hive

Staying simple but small has helped put three QUT alumni on the path to entrepreneurial success in the increasingly competitive inner-city apartment market.

QUT graduates Daniel Brennan, Dominik Waldmeier and Natalie Saint-Forrester established Kelvin Grove based company Hive Student Accommodation.

Within two years the company’s turnover reached $500000.

The trio manage high quality, affordable student housing for ‘niche’ small-to-medium (50-150 bed) complexes built and owned by investors.

“It has been a fast-paced two years as we went from no revenue and $10000 in seed funding to managing 500 rooms,” Mr Brennan said.

“Our occupancy rates averaged 96 per cent capacity.”

Hive’s first purpose-built complex opened in January 2017 in Kelvin Grove, close to QUT.