Economic Development Queensland has paved the way for Brookfield's $400 million 560-apartment project on Brisbane’s riverfront.
Comprising two 23-storey towers, the Fender Katsalidis designed development will rise from Brookfield’s $1.3-billion Portside Wharf precinct at Hamilton in the city’s inner-north.
The developer and asset manager lodged its development application in May last year under EDQ’s Northshore Hamilton Priority Development Area scheme.
BtR projects are likely to be increasingly appealing to retirees as the financial model matches the DMF village model over 10+ years while offering a more dynamic living proposition.
Brookfield is one of the world’s biggest multi-family/Build to Rent asset owners. It has more than $US18 billion and 60,000 apartments under management in the sector globally.
Under the plans for its first Australian BTR, a mix of studio, one, two and three-bedroom options will be included in the 560 apartments.
Melbourne was home to more than half of all BTR projects completed in Australia last year and 83% of the total number of units built – 1,600 in total – but Brisbane is beginning to emerge.
Browse the retirement villages and availability in Queensland on villages.com.au
