12 August 2025
Barings Advances Melbourne’s Housing Supply with Two Landmark Build-to-Rent Developments
Melbourne, Australia – Global Asset Management firm Barings today announced the topping out of two major Build-to-Rent (BTR) residential developments in Melbourne, reinforcing its commitment to delivering high-quality housing and supporting urban infrastructure in partnership with Aware Super.
The Preston and Queens Road projects, with a combined estimated on-completion value of close to A$600 million, will deliver 725 new dwellings to Melbourne’s undersupplied rental market. These developments form part of a broader residential portfolio being delivered by Barings and Aware Super across Sydney, Melbourne, and Canberra, spanning both BTR and Build-to-Sell projects.
Today’s topping out ceremony at Queens Road was attended by Victorian Minister for Planning, The Hon. Sonya Kilkenny, along with representatives from Barings, Aware Super, appointed builder Hickory, and project manager Essence Project Management.
The ceremony at Preston was attended by representatives from Barings, Aware Super, appointed builder Kapitol Group, and project manager Essence Project Management.
Learn more about the Preston project here: https://aure.barings.com/
Learn more about the Queens Road project here: https://aure.barings.com/
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