Australian Build-to-Rent Club formed

Mirvac has joined Smart Urban Villages in deciding to plan Build-to-Rent projects in Australia. Mirvac just announced the formation of the Australian Build-to-Rent Club with its first project called Indigo, consisting of 258 apartments at Sydney Olympic Park, already under construction. The Clean Energy Finance Corporation (CEFC) have secured a 30 per cent interest, $50 million, as a cornerstone investor in the build-to-rent platform. CEFC's involvement means future projects built by the club will aim to be sustainable and green.
Smart Urban Villages takes BtR further, by creating the community in advance making it 'deep' green so its operating costs are low but resident satisfaction is high!
You can read the full The Urban Developer article here:

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