Lendlease To Launch Inaugural Australian Build-To-Rent Development Project

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Lendlease and QuadReal Property Group join forces to build an expansive 443-unit commercial rental tower at Brisbane Showgrounds, creating a truly remarkable addition to the city’s skyline.

Lendlease: Real Estate Company

With its entrance into the Australian market, Lendlease brings decades of international expertise to this blossoming sector. This project marks an exciting development in the company’s trajectory and a significant milestone for them.

Our company’s success is evident in delivering 4,100 build-to-rent units worldwide, with an anticipated total pipeline of $28 billion. With such a phenomenal global impact and presence, this initiative is a testament to our ever-increasing dedication and commitment to excellence.

We see enormous potential in the emerging build-to-rent sector in Australia with institutional investors attracted to high-quality residential real estate for its resilient income profile,” said Dale Connor, CEO of Lendlease Australia.

Lendlease and QuadReal

In the Australian market, we believe there’s strong demand for long-term, premium rentals in quality locations. Our partnership with QuadReal will bring the best of our shared global experience and capability to deliver one of the finest examples in Australia.” Connor added.

Lendlease is the development and investment manager for this newly built complex, which offers a range of studio, one-, two-, and three-bedroom apartments over 37 stories. In total, 443 build-to-rent residences are available at this fantastic location.

Enjoy an array of luxuries – from a 25m lap pool surrounded by stunning beach views, music and podcast recording studios, a BBQ pavilion, a state-of-the-art gymnasium with professional equipment, and cosy co-working facilities for creative projects to outdoor spa retreats for relaxation. Plus, there’s a yoga room and resident lounges where you can mingle. Remember the dog wash facilities too.

This building, situated conveniently near major transit hubs, is designed to meet the highest sustainability standard and will be powered solely by electricity, aiming for a 5 Star Green Star Buildings Version 1 rating.

When the construction commences in early 2023, residents will be able to begin occupying their new residences by late 2025.

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