Deutsche Asset Management (formerly DWS Group) has entered into agreements with Australian residential developer FYVE and construction contractor Binah to acquire and develop its first Australian build-to-rent (BTR) project, located on Elizabeth Street in Liverpool, western Sydney. The acquisition, on behalf of one of its real estate funds, is subject to planning approval, expected in 2027.
The development aligns with Deutsche Asset Management’s essential living investment initiative, which aims to build rental units for middle-income households across western Sydney, as well as suburban Brisbane and Melbourne.
The project, which will be Liverpool’s first major housing development in almost a decade, will transform the site into a 34-story building, making it Liverpool’s tallest tower. It will consist of approximately 414 residential apartments and feature a gym and rooftop amenities with views of the surrounding area.
Located in Liverpool’s central busi
