Novus, in partnership with a Japanese investment consortium, has announced the settlement and commencement of Novus on Forest (artist renderings pictured), a build-to-rent (BTR) development located at 2–16 Epping Road and 2–4 Forest Grove in Sydney’s north-west.
The consortium comprises Kanden Realty & Development; Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN); and Cosmos Initia. The venture marks Kanden’s second investment in a Novus BTR project in Australia, and the first BTR investment for both JOIN and Cosmos. Novus CEO Adam Hirst says the consortium’s investment reflects strong conviction from Japanese capital in Australia’s BTR sector.
Novus on Forest will comprise 310 purpose-designed BTR apartments across five buildings, ranging
