Boost for Melbourne housing market as cranes roll in $320m of construction

On Tuesday 23rd April, Barings together with our partners Aware Real Estate and Aware Super celebrated a major milestone at two major BtR residential development sites in Melbourne, with a total construction value of $320m.

The two projects located in Queens Road, in Melbourne’s inner south, and Preston in the city’s north will provide 726 dwellings, marking a significant expansion to Aware Real Estate’s role as one of the largest build-to-rent (BTR) developers in Australia.

Barings Head of Asia Pacific Real Estate Alastair Wright said: “We’re delighted to be supporting Aware Real Estate in delivering these major new residential projects. Our relationship with Aware Super goes back more than a decade, and we’ll take great pride in continuing that association as we help bring quality new apartments to Melbourne.”

Thank you to our builders Hickory at Queens Rd and Kapitol Group at Preston, together with our Project Managers  Essence Project Managers and Architects Bates Smart and Rothelowman and all other consultants involved to support these projects to date. We look forward to continuing to work together to bring these projects to life.

A special thank you Uncle Mark and Uncle Colin for your warm welcome to country, we are honoured to be building on your lands. We’d also like to thank our honourable guests who were thrilled to celebrate this milestone with our team Honourable Sonya Kilkenny, Minister for Planning, Victorian Government, Louise Crawford, Deputy Major Port Philip and Deanne Stewart CEO and Damian Graham CIO Aware Super together with Michelle McNally CEO,Aware Real Estate.

We look forward to sharing further key construction updates.

Read the full press release here.

See us in the media.

Here are some photos from the day at both Queens Road Melbourne and High St Preston projects.