Citylife International is a private Australian real estate agency, advisory and consultancy company, with a focus on selling units in the St. Kilda Road precinct of 416, 416A and 418
As Australia looks to construction to help rebuild the economy post-Covid-19, developer Mirvac continues to grow its Melbourne office and build-to-rent pipeline, revising plans for a $1 billion complex on the site of the former Melbourne Convention Centre.
Oxford Properties has lodged a development application for a 39-storey, build-to-rent residential tower, the first of two towers for the Sydney Metro Pitt Street over-station development.
The project marks the first large scale build-to-rent residential tower for Sydney CBD, and will comprise 234 apartments.
Oxford Properties' Alec Harper says Australia’s evolving residential market, in response to housing affordability, population growth and changing sentiment to home ownership is driving demand for the emerging asset class in urban centres.
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April, 2022 : Build-to-rent apartments could achieve up to 27 per cent higher rents than build-to-sell, welcome news for developers breaking ground on projects across the country.
March, 2022 : While the coronavirus pandemic amplified growth in Australia’s multi-family sector, industry leaders believe the market is poised to grow further as new projects reach completion and policy frameworks firm up.
December, 2021 - Commercial real estate agents are marketing development sites as build-to-rent opportunities, taking advantage of booming interest from institutional investors. An
December, 2021 - Felicity Wilkins and her son have lived in four homes over the past two years as they struggled to settle in Australia's most expensive rental market, Canberra.
Decmber, 2021 - Metropolitan Thames Valley Housing (MTVH) has sold its minority stake in Fizzy Living to Greystar Real Estate Partners.
December 2021 - Gloria Biberger has been renting the same apartment in Berlin's lively Kreuzberg neighbourhood for 11 years. And despite being a tenant, she says, "it feels like my home". "I know that I could stay here forever," the 37-year-old said.
November, 2021 - Developer Gurner and alternative real estate investment manager Qualitas have far exceeded expectations originally setting out to raise $1 billion but the round was oversubscribed, cornerstoned by a global institutional investor alongside co-investment from both joint venture part
November, 2021 - Mr Gurner – a new convert to the merits of build-to-rent having called it “economically stupid” as recent as last year – said he was both “humbled” and “excited” at the oversubscribed capital raise.
November, 2021 - Grocon’s former head of development, Dan McLennan, and former Grocon transactions manager Matthew Berg will spearhead Macquarie’s push to create a $500 million build-to-rent portfolio on behalf of institutional investors in the burgeoning sector.
November, 2021 -Property developer Samma Property Group has picked up a 4500sq m site in Melbourne’s Docklands where it has plans for its second build-to-rent apartment project.
November, 2021- Macaulay Road in Kensington may become the heartland of Melbourne’s booming build-to-rent as developers scoop up prime real estate to increase their exposure to the defensive asset class.
October, 2021 - Landream’s plans to enter the build-to-rent market are under way after its planned $105-million tower was approved by the City of Melbourne
October, 2021 – Property developer Samma Property Group has partnered with impact investment management firm Brightlight to launch a $750 million capital-raising for four “shovel-ready” build-to-rent projects, with plans to more than double that pipeline over the longer term.
October, 2021 – Melbourne has so far claimed the lion’s share of build-to-rent apartments, in existing supply and the coming pipeline, as developers swoop on the wider array of opportunities in the Victorian capital to build larger projects, backed by institutional investors.
October 17, 2021 – Greystar, the world’s biggest investor in build-to-rent, has fired a broadside at the federal government, accusing the Coalition of an ideological bias against the development of a commercial rental asset class and of “stonewalling” efforts to make the sector viable in Australia.
OCTOBER 2021, - The Commonwealth Bank has expanded its green loan portfolio with a $130 million splash towards a landmark sustainable build-to-rent (BTR) block in Sydney.
September, 2021 – Aspen Capital has finalised its acquisition of a 514-unit portfolio in Perth in a $52 million deal, giving the ASX-listed budget accommodation operator a significant lift into Western Australia’s build-to-rent sector.
September, 2021 - Greystar, whose parent company is the biggest operator of apartments in the US, bought the two adjoining sites on Yarra and Claremont streets in separate off-market deals.
September, 2021 - Frasers Property Australia has appointed leading construction company Hutchinson Builders to deliver the new Build-to-Rent apartments in Fortitude Valley, a project set to redefine the renting experience.
August, 2021 - Australia’s burgeoning build-to-rent sector is gaining momentum with a growing appetite from institutional investors looking for resilient assets with reliable steady cash flow
August, 2021 -Big companies pile into housing market that has proved resilient throughout the pandemic.
August, 2021 - Build to Rent developments could change the way we live and in a post-Covid world could be the path to unlocking billions in investment.
August, 2021 – Aware Super and its investment partner Altis are circling two of Melbourne’s best build-to-rent sites as part of plans to build hundreds of affordable rental apartments in the Victorian capital for key workers including teachers and nurses.
August, 2021 - Millions of investment dollars from around the world are already being poured into Australia’s burgeoning Build-to-Rent sector but there’s more coming
August, 2021 – Global investment manager Hines has set its sights on becoming a major player in Australia’s burgeoning build-to-rent sector after acquiring its first site in Brunswick in Melbourne’s inner north.
July 2021 - A pause in apartment development is providing a kick-start to Australia’s emerging asset class
June, 2021 - Melbourne’s build-to-rent pipeline is nearly double Sydney’s and quadruple Brisbane aanew-home
July 2021 - A 30-storey build-to-rent tower would be build atop a prominent ridgeline in Brisbane’s Bowen Hills, under a development application lodged with planning authorities
July 2021 - Build to Rent project in Subiaco, Western Australia has become the first Carbon Neutral Certified apartment building in Australia under the Climate Active Carbon Neutral Standard for Buildings.
June, 2021 - U.K. affordable housing landlord Metropolitan Thames Valley is seeking to sell its London rental business Fizzy Living
June, 2021 - Walton Global Holdings has launched a build-to-rent (BTR) line of business that will leverage its more than 81,000 acres of land assets throughout the U.S. to create near-term opportunities for single-family home rental developments.
JUNE, 2021 - BUILD-TO-RENT HOUSING IS ON AN UPWARD TRAJECTORY—THAT WILL KEEP GOING UP. “They looked at me like I had three heads,” Rodriguez recalled of his early BTR conversations with construction company leaders. “Now, it’s a larger and larger part of their business.”
February, 2021- The homeownership aspiration has long been an unreachable dream for young Australians, but the launch of the Build to Rent (BTR) model is offering a fascinating alternative to the traditional housing market.
June 2021 - The pandemic that has slashed Australia’s new apartment pipeline gives this country an opportunity to kick-start build-to-rent in the same way the UK did when the GFC’s brake on private development drove the growth of the sector there, JLL says.
June 2021 - Build-to-Rent developer Home has the green light for two build-to-rent towers next to Marvel Stadium after gaining unanimous support from the Future Melbourne Committee this week.
May 2021 - Blackstone, one of the largest private equity firms in the world, has snapped up a brand new but vacant apartment tower in Brisbane’s inner-city suburb of Kangaroo Point, with plans to convert it into a build-to-rent asset.
April 2021 - The folks at Frasers Property believe there’s a time in everyone’s life to really live. Which is why their new project in Brisbane’s Fortitude Valley is designed to treat renters like rock stars, in a location that’s all about living in the moment.
February 2021- US build-to-rent specialist Greystar has secured its largest capital raising to date to support new projects being rolled out within Australia’s emerging build-to-rent sector.
The new $1.3 billion fund, Australia’s largest build-to-rent venture to-date, will aim to take advantage of shifting market trends, which has provided a catalyst in accelerating build-to-rent supply.
January, 2021 - It’s an often-misunderstood housing type, but it’s now being tipped as likely to be one of the biggest commercial asset hits of 2021.
January , 2021 - The build-to-rent model may not be the panacea that the private sector and state governments seem to think it is.
December, 2020 - COVID-19 has provided a catalyst that has accelerated BTR supply, with 3,000 units added to the pipeline in 2020.
December 2020 - Canada’s Oxford Properties has struck its first build-to-rent deal in Melbourne, acquiring a 7,000sq m development site in Footscray.
December 2020 - The number of homes built explicitly to rent out is set to take off in Australia over the next 5 years...
December 2020 - Cromwell Property Group will push on with development at 700 Collins Street, after receiving approval for its mixed-use build-to-rent apartment, office and hotel tower in Melbourne’s Docklands precinct.
November 2020 - Increasing the number of build-to-rent apartments to 50,000 over five years, is the quickest solution to increase housing choice, according to a report by Allens and Urbis…
October 2020 - The companies this week launched The Places Build to Rent Fund, inviting investors to participate in a $132 million capital raising that has attracted $66 million in pre-commitments.
22 September 2020- Developer Lendlease has partnered with Aware Super, the rebranded First State Super, to launch its first major urban regeneration project in New York.
The Australian groups, which have partnered previously on a residential projects across the US, have secured a prominent waterfront site in Brooklyn, and will now move ahead with plans for a $1 billion build-to-rent project.
19 August 2020- After leading Australia’s push into the build to rent sector, Mirvac today signalled a new era in housing choice with the official opening of LIV Indigo at Sydney Olympic Park, the first residential community in NSW designed and built exclusively for renters.
11 August, 2020 - There’s a long list of common rental gripes, from not being allowed to paint the walls to having to haggle about keeping pets or hanging paintings. And if the owner wants to move back in or sell the place? Start packing your boxes.
1 JunE, 2020 - Apartment developer Tim Gurner has slammed the emerging build-to-rent sector in Australia, calling it "economically stupid".
16 May, 2020- Diversified developer Mirvac is bolstering its Melbourne office and build-to-rent pipeline, submitting fresh plans for two large towers on a key city-grid corner site.
20 August 2020- NSW Minister for planning and public spaces Rob Stokes and Mirvac chief executive office & managing director Susan Lloyd-Hurwitz at the opening of Mirvac’s first build-to-rent development LIV Indigo at Sydney’s Olympic Park.
28 July, 2020- Build-to-rent rewards good design, can create jobs and elevate health and safety standards in a post-pandemic economy, says Stantec’s principal John Lucchetti.
11 August, 2020- A weight of capital is looking to enter Australia’s build-to-rent market, says Savills, as fresh research suggests BTR will follow the UK’s growth trajectory where 8,000 units were delivered over five years.
3 August, 2020- Select Property Group Managing Director, Adam Price, looks at tenant priorities post-lockdown and why build-to-rent could now be in-demand more than ever. A chance to work out what they value most from a home. Build to Rent was already the strongest residential proposition in the UK.
A CBRE analysis showed that Australia ranks among the top five markets around the world with the best BTR potential when all the investment fundamentals were taken into account.
6 August, 2020- New residential development sectors are gaining traction in Australia, with completed co-living units up by 46 per cent and build-to-rent up 38 per cent during the past 12 months.
4 August, 2020- The NSW Government’s package of measures for the build-to-rent sector, including a 50 per cent land tax cut for 20 years, will boost supply and choice, says the Property Council.
3 August, 2020- Australia’s biggest super fund has invested in the evolving BTR sector which it says could help fill Australia’s critical affordable housing shortage.
22 July, 2020- Australia's BTR sector has crossed a landmark threshold of 11,000 units during the past 12 months, with 10,000 more in due diligence, with investors favouring assets delivering reliable income streams amid the coronavirus pandemic, a CBRE report says.
July 2020- Mirvac and Milieu have announced Albert Fields, a one hectare Build-to-Rent urban precinct in Brunswick, Melbourne, scheduled for completion in late 2024 that will provide the flexibility of renting with the security typically associated with home ownership.
27 July 2020- Lone Star is looking to bring in a funding partner on a £1B slug of the Wembley Park private-rented residential scheme being built by Quintain, the developer it owns.
July 2020 - In Australia’s rental model dominated almost entirely by mum and dad investors, Liv Indigo is putting power back in the hands of renters
10 July 2020- The build-to-rent sector could be about to see a big spike in investment volumes, following a sharp drop brought about by the coronavirus pandemic.
6 July, 2020 - New South Wales will be the first state to fund a dedicated build-to-rent model, Minister for Social Housing Pru Goward revealed on Friday. The minister revealed that a Communities Plus housing site in Redfern would be home to the nation’s first ever build-to-rent housing model.
June 2020- We have a very long way to go with BTR in NZ, but, irrespective, the potential is certainly very exciting indeed JLL’s research team, based in Auckland, New Zealand.
22 June 2020- French investment giant AXA Investment Managers - Real Assets is in advanced talks to buy the famous 1M SF Dolphin Square apartment block for around £850M, in what would be by far the largest ever deal for a single UK rented residential asset.
June 2020- More than two years in the making, the deal is a show of institutional confidence in the viability of the local build-to-rent sector-previously overlooked for the higher yields of commercial office or traditional build-to-sell markets.
8 June 2020- As tenants move into the first commercial development in Sydney, Australia this month, the New South Wales (NSW) government will consider land tax changes that encourage the fledgling Build to Rent.
If these challenges are addressed, build-to-rent assets can provide steady income for investors, improve housing affordability in Australia, and give tenants.
27 May 2020- You don’t really know how resilient a new sector is until it has been through a recession. In that sense, UK build to rent is undergoing trial by fire. The sector is well-positioned to outperform other areas of real estate, according to a panel of experts.
Dec 24, 2019- Mirvac will continue its revolution of the apartment sector with plans to put up a build-to-rent apartment tower at the former Melbourne Convention Centre site in Spencer Street which it snapped up for $200 million on Christmas Eve.
26 November, 2019- Coinciding with shifts in international investment markets, a developing demographic profile and residential consumer sentiment have combined to enhance the prospects for the emergence of a build-to-rent sector in Australia.
20 September 2019- Although the UK’s build-to-rent sector is still considered to be in its infancy, it has grown rapidly across the country. In the first half of 2019, £1.4B of institutional investment poured into the sector, according to CBRE’s UK Residential Investment Marketview, which is 20% higher than H1 2018. Growth is expected to increase in pace even more over the next five years.
April, 2020- There is little data available to highlight how the nascent institutional private rented sector is faring in the face of the coronavirus. But a trading update by listed landlord Grainger indicates the sector is proving resilient so far, especially compared to other areas like retail and leisure.
15 January 2020- Transaction volumes in the build-to-rent sector dropped 22% in 2019, according to new data, but 2020 is already off to a strong start.
16 December 2019- Build-to-rent (BTR) is an innovative and exciting opportunity for the Australian property sector. It is no secret that the country's rental market demand is...
6 December 2019- Build-to-rent (BTR) is not a well-known term in South Africa, but is an investment model to watch. Globally, BTR is proving itself to be a key deliverer of quality, affordable housing and shows potential for very promising yields to investors. Build-to-rent investors can expect returns of around 9.5% net yield and a 2-3% capital growth in year one.
23 October 2019- Just over four years ago, Lone Star paid a bit more than £1B for listed developer Quintain, and installed European co-head Angus Dodd as chief executive.
25 September 2019- Although the UK’s build-to-rent (BTR) sector is still considered new, it has already evolved. Both investor and societal pressures are pushing the model to adapt, to create the homes that customers want and to provide them in a way that suits our changing ways of living.
5 August 2019-U.S. investor and developer Cortland Partners has continued its assault on the UK build-to-rent market with the purchase of specialist operator and consultancy firm LIV Group.
22 July 2019- Investment in the UK build-to-rent sector slowed in the second quarter of 2019, according to new data from CBRE. And yet, the first half still set a record for investment in the growing sector.
10 June 2019- The build-to-rent sector is on a roll. The first quarter of this year saw a record £1B invested in the sector, according to CBRE, and a 34% increase in the number of units completed, according to Savills.
Citylife International is a private Australian real estate agency, advisory and consultancy company, with a focus on selling units in the St. Kilda Road precinct of 416, 416A and 418
TEL: 0468 314 999