Hines to develop first BTR multifamily asset in Melbourne

Hines announced its entrance into the nascent Australian build-to-rent (BTR) sector with the securing of 10 Ballarat St., Brunswick, Melbourne, where it plans to develop a 250-unit BTR apartment complex.

10 Ballarat will provide its future residents all the benefits of proximity and access to transport connectivity, retail and entertainment amenities while living in a lower-scale, greener and more residential pocket of Melbourne. This project will place a strong emphasis on the importance of creating living spaces that are committed to sustainability and ESG efforts.

This project represents Sam Bisla’s first acquisition since joining Hines as the new head of living in June. Tasked with leading the establishment of the BTR platform, this marks an important step toward positioning Hines as a leader in BTR projects within the region.