Economic Development Queensland has approved Brookfield’s proposed A$400-million ($265 million) debut into Australia’s build-to-rent sector, reported The Urban Developer.
Comprising two 23-story towers, the development will rise from Brookfield’s A$1.3-billion ($861 million) Portside Wharf precinct at Hamilton in the city’s inner-north. Under the plans for its first Australian build-to-rent foray, a mix of studio, one-, two- and three-bedroom options will be included in the 560 apartments.
