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The global build-to-rent round up - 30 March 2021

The global buildtorent round up  30 March 2021

A curation of news highlights from around the globe covering build-to-rent and specialised residential assets.


New Zealand & Australia

  • Australia: US build-to-rent investor Sentinel Real Estate is building towards a $1B portfolio of accommodation properties in Australia with approval for its third development in the country. The 21-storey Perth project will have 175 apartments, showing confidence in the market swing to build-to-rent styled living in Australia. Full article here.
  • Australia: Homecorp Property Group has received funding from ANZ of its $200M dedicated build-to-rent development, the first to be developed on the Gold Coast. The 389 apartments set on 3-hectares will be a mix of one and two-bedroom layouts. Full article here.
  • Australia: Developer Assemblehas partnered with Housing Choice Australia to deliver more than 3,300 units for low-moderate income households. The $1.5B development pipeline in Melbourne with at least 20% of the units to be allocated and managed by Housing Choice to low-income tenants. Full article here.

Europe

  • Czech Republic: A unique student housing development, The Fizz, has opened in Prague. The eight-storey building offers 539 apartments target at some of the 40,000 international students in the city. The Fizz has active management to create living spaces with an active resident community. Full article here.
  • England: Associated Architects have revealed plans for a net zero carbon mixed-use scheme at Curzon Wharf in Birmingham. The development uses Passivhaus principles and will be the largest Passivhaus development in the UK. The scheme includes 498 build-to-rent apartments, 732 purpose-built student accommodation units, and 265 co-living rooms in three towers. A fourth building will have 12,000 sqm of commercial space. Full article here.
  • England: Beech Holdings has purchased Newcastle’s Cale Cross House, an 18-storey, 1970’s office buildings with plans to turn the building into a 250-unit co-living development. The £18M project is expected to be complete late 2022. Full article here.
  • England: Downing Living has been given approval to begin construction on a 2,224-bed co-living scheme in Manchester. The £300M development is across several tall skyscrapers with units ranging from studios to five-bedroom apartments. The scheme will also have 4,100 sqm of common amenity. Full article here.

North America

  • USA: JBG Smith has begun construction on two residential towers in Arlington’s National Landing precinct near Washington, DC. The towers will have 808 multi-family residential units and around 4,100 sqm of retail space on the lowest levels. Amazon chose National Landing for a new headquarters in 2018 which is expected to bring an extra 40,000 residents into the area. Full article here.
  • Canada: A $400M joint venture between Canada Pension Plan and developer Tricon has been announced to develop multi-family rentals in Toronto. Developments will be targeted around major transport and employment nodes with a long-term hold strategy. Full article here.

Asia

  • Singapore: Luxury hotel group Garcha Group has announced the opening of MYPOSHPAD as an all-inclusive luxury co-living experience. Under the co-living membership residents will have access to exclusive social events and other luxury amenities. The scheme is targeted at local and international working professionals. Full article here.
  • Indonesia: Indonesian long-term rental start-up Flokq has acquired co-living start-up YukStay to use their tech capabilities to scale the business from just co-living spaces to tech-driven property management. Flokq is a tech platform the offers serviced co-living apartments with a 95% occupancy rate. Full article here.

Related Experts

Alan McMahon

National Director | Strategic Advisory

Auckland CBD

Alan has overall responsibility for Strategic Advisory for Colliers International in New Zealand. 

He advises a wide range of public and private sector organizations. Clients include Auckland Council,, Massey University, Kiwi Property, Ngai Tahu Property, Ngati Whatua Orakei, Ngati Whatua o Kaipara, NZ Super, and various departments of the New Zealand government including Police, MBIE, Ministry of Justice, and Kainga Ora.

 

 

 

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