RESIDENTIAL PROPERTY
LENDLEASE has partnered with another Japanese investor as it further its business restructure, bringing in Nippon Steel Kowa Real Estate (NSKRE) for $500 million build-to-rent...
The partnership is the pair’s first and marks NSKRE’s entry into the Australian market. It has expertise in developing and leasing office buildings, condominiums for sale and...
Lendlease will develop, construct and act as the investment manager for the development, which will offer 499 residences in a mix of studio, one, two and three bedroom apartments...
The development is located on the waterfront in Lendlease’s Victoria Harbour precinct, and will be its third build-to-rent residences to be delivered in Australia, following on...
Lendlease last year brought in Japan’s largest homebuilder, Daiwa House, to develop its $650 million Melbourne Quarter build-to-rent tower...
It will also be developer and construction partner alongside the City of Melbourne for a $1.7 billion precinct next to Queen Victoria Market that will...
Residents will enjoy unobstructed water views over Victoria Harbour and south over the Yarra River out to Port Philip Bay, with external communal spaces making use of...
Charter Keck Cramer’s projections suggest that annual apartment completions in Melbourne over the next three years will average only 8,000 apartments...
Inner Melbourne has been the epicentre for Australia’s nascent build-to-rent sector. In Docklands alone, Victoria’s Allan government has approved...
Japanese investment continues down under
Mackellar said the Lendlease and NKSRE partnership announcement “also highlights the continuing demand from our Japanese partners for high quality opportunities...
Also in the logistics space, ESR’s local arm recently partnered with Mitsubishi Estate Asia to develop a $175 million industrial estate in Melbourne’s south-east...
Japan’s largest diversified property developer, Mitsui Fudosan, in June took a majority stake in Mirvac’s $2 billion 55 Pitt Street office development in Sydney...
Japanese investors were the most active source of offshore capital in Australia throughout 2023, putting $2 billion towards assets down under...
Moreover, this project aims to address the housing needs of Melbourne’s growing population, focusing on the increasingly popular build-to-rent sector.