Qualitas Build-to-Rent Impact Debt Fund makes first transaction

Qualitas’ A$1 billion ($743 million) Build-to-Rent Impact Debt Fund (QBIF) has made its first transaction, the development of Cordelia, delivering Brisbane’s first high-density, build-to-rent (BTR) development with sustainability at the forefront.

Cordelia will be developed by Arklife, a specialist emerging BTR developer and operator. Cordelia will be developed with sustainability in mind, setting a new benchmark for residential rental accommodations and supporting Australia’s transition to a low-carbon future.

The BTR market continues to gain momentum in Australia, with more than 17,000 apartments across 49 projects in the pipeline to be delivered by 2024. With a strong BTR pipeline and growth set to continue, Australian institutional investors are seeing the appeal of the asset class and the benefits of being part of the future growth, and developers realize the long-term benefits of projects that meet the highest sustainability requirements.

QBIF is one