Greystar, UEM Sunrise sign partnership to deliver BTR project in Melbourne

Greystar Real Estate Partners and UEM Sunrise Berhad, a Malaysian property developer, have partnered to develop the first build-to-rent (BTR) project in the inner Melbourne suburb of Collingwood.

The agreement will see Greystar as the investor and eventual owner-operator of the proposed build-to-rent development via a fund-through structure, with UEM Sunrise as the developer and delivery partner.

The project at 21–53 Hoddle Street, subject to planning approval, is expected to include approximately 400 apartments across two buildings, with a mix of studios plus one-, two- and three-bedroom apartments suitable for multigenerational living. The proposed development will also feature extensive common facilities and services for residents including swimming pool, gym, movie room, wellness and entertainment spaces, bike parking, electric vehicle charging stations, concierge and co-working spaces.

A design by the leading contemporary architectural practice Cox Archit