According to The Australian Financial Review, Lendlease and Daiwa House will develop a 45-level build-to-rent tower, the final piece of the Australian company’s Melbourne Quarter project and its second BTR project at home.
The deal to develop the $650 million building, like Lendlease’s first 443-unit BTR project in its 5.5-hectare mixed-use precinct at Brisbane Showgrounds, is a standalone investment and separate from efforts the ASX-listed company is making to establish a broader BTR partnership that will include multiple assets. https://www.afr.com/property/commercial/lendlease-partners-with-japan-s-daiwa-house-on-btr-20230717-p5dot5
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