This Month
Deals in build-to-rent market ready for lift-off, says US giant
Build-to-rent housing is potentially a big contributor in efforts to plug the country’s chronic housing shortfall which has sent rents skyrocketing.
- Nick Lenaghan
July
A solution to the athletes village conundrum might be on the Gold Coast
Paris’ capital-light infrastructure plan for the 2024 Olympics has been a great success. But plans to turn the village into new housing faces a new hurdle.
- Michael Bleby
June
Why AustralianSuper isn’t investing in build to rent
The head of the country’s largest industry super fund says risk and scale are crucial factors for any investment it considers – and that’s an issue with BTR.
- Michael Bleby
Apartment sales boom – in the $1 million-plus price range
Soaring materials and financing costs are making most apartment projects unviable. But there’s a niche of the development market that is booming.
- Michael Bleby
May
Dutch pension fund giant puts $700m into Sydney build-to-rent start-up
Apt.Residential has won the backing of PGGM, which has committed $700m to the rollout of 2500 apartments.
- Larry Schlesinger
Victoria open to tax breaks to boost home building
Premier Jacinta Allan says her Labor government is open to pulling every lever available to boost housing supply, after developers called for taxation tweaks to boost investment.
- Gus McCubbing
FIRB changes are fine but please fix tax: investors
Changes to the foreign investment regime to boost investment in rental housing may count for little if tax settings remain a handbrake.
- Nick Lenaghan and Larry Schlesinger
April
BTR push in Sydney’s west gains steam despite flood risks
The NSW planning department concluded that increasing housing supply outweighed potential risks such as flooding for one BTR project.
- Campbell Kwan
Blackstone’s $15b apartment bet spurs sector-wide rally
BTIG analyst Michael Gorman said Blackstone’s decision “is likely to spur additional bullish sentiment for the group”.
- Patrick Clark
- Exclusive
- Construction
Japanese forestry giant to partner on $1.2b build-to-rent portfolio
Cedar Pacific and Sumitomo Forestry will join forces on a $1.2 billion portfolio of build-to-rent towers that will use plenty of timber in their construction.
- Larry Schlesinger
Fix tax and planning to speed build-to-rent projects: Greystar
The US giant has raised more than $1 billion to fund a pipeline of rental apartments, but tax and planning fixes would boost needed investment, it says.
- Nick Lenaghan
March
Lendlease locks in $1.7b Melbourne win in race to repatriate capital
Chief Tony Lombardo is under pressure to deliver quickly on a turnaround plan, which involves refocusing efforts on Lendlease’s Australian business.
- Nick Lenaghan
Tax uncertainty keeps build-to-rent investors away, developers say
A lack of clarity about new rules for offshore investors is slowing the development of much-needed housing.
- Michael Bleby
- Exclusive
- Sam Tarascio
Rich List family fires up $3b build-to-rent program
Plans to build and own large-scale rental housing by the Tarascios’ Salta Properties are coming to fruition just as the housing crisis bites.
- Nick Lenaghan
- Exclusive
- Property development
Sentinel adds 240-unit Adelaide project to BTR pipeline
Momentum is picking up, one development at a time, in the housing type that could reshape the country’s housing market.
- Michael Bleby
February
$500m raising to turn unloved hotels, offices into rental housing
Fund manager and hotel developer Pro-Invest Group is in the midst of an equity raising to fund the development of 10 co-living apartment towers with 2000 units.
- Larry Schlesinger
Super funds housing investment ‘not a subsidy’, IFM says
“When we invest in Australian companies that create jobs for Australians, no one says ’What are you doing investing in job-creating companies?” giant fund manager says.
- Michael Bleby
Australia needs $115b to fund new housing, Qualitas says
The pick-up in private funding puts pressure on the federal government to clarify rules around inclusion of affordable rental housing in new developments.
- Michael Bleby
New sales inquiries up 20pc as rate expectations stabilise: Stockland
The developer and landlord has kept its earnings outlook unchanged even as residential earnings slumped in the six months to December.
- Michael Bleby
- Exclusive
- Property development
BTR operator Local closes $650m fund for two buildings
As private investors pull back, institutions are stepping in to develop build-to-rent housing.
- Michael Bleby
