A model that works for Australia
As investor appetite for alternative asset classes and tenant demand has grown, the viability of build-to-rent investments with reliable cash flow is now well established in Australia.
A pipeline of build-to-rent projects over the past few years have proven this model works within Australia, as more tenants who are unwilling or unable to buy property consider long-term renting as an attractive option.
We advise owners, developers, investors and tenants on all areas of build-to-rent providing full cycle property advice.
Market highlights
- AustralianSuper: advising on its 25% stake in affordable housing developer Assemble Communities, investing in an innovative Build-to-Rent-to-Own model. The investment in Assemble Communities comes with a potential pipeline of projects, the first of which is Assemble's 198-unit development in Melbourne's inner north-western suburb of Kensington, Victoria.
- Frasers Property: advising on the rights to redevelop the New South Wales Land and Housing Corporation’s social housing estate at Telopea to create 5,000 new homes with a 70/30 split between public and private housing, an A$2.2 billion project in New South Wales.
- Commonwealth Games Village: acting for the developer and investor on the A$500 million village in Queensland and re-development of it into the first investment grade build-to-rent project in Australia.
- Sentinel: establishment of its multi-family housing fund for Australian build to rent assets, and acquisition of a Melbourne CBD fringe commercial office site for redevelopment into a build-to-rent project as part of that fund.
- Foreign investors: advising various foreign investors on the regulatory frameworks and concessions available for foreign investors looking to Australia’s build-to-rent /multifamily sector.
- Build-to-Rent fund: advising on the establishment of a A$2 billion fund established to develop premium multifamily assets across Australia.
