Greystar has started construction of its fourth build-to-rent (BTR) community in Victoria, Australia, a new $360 million development located in Melbourne’s inner-city suburb of Kensington.
The Kensington project will see the delivery of 443 high-quality apartments across a seven-level 9,555-square-meter (102,849-square-foot) precinct. The project highlights the rapid expansion of Greystar’s Australian BTR brand Haiku, to deliver a new standard of rental living that meets the needs of Australian renters.
In the past year, Greystar has launched three Haiku properties across Melbourne, delivering more than 1,300 new rental homes, with 600 more homes in the Australian pipeline. Greystar's portfolio of four properties represents a combined investment of approximately $1.56 billion.
“Drawing on our deep local and global expertise, Greystar is curating the amenity and design to suit the needs of renters and the local community of Kensington,” said Matt Woodland
