The NSW Government has today announced the shortlisted consortia for the contract to build Australia's first ever social, affordable and private Build-to-Rent development.
After an outstanding response to the expression of interest phase, three consortia will now tender for the opportunity to deliver around 500 new homes under this innovative new Communities Plus model – they are:
- a John Laing-led consortium including Compass Housing Services
- Frasers Property and Hume Community Housing Association
- Capella Capital, Lendlease Building and Evolve Housing
Minister for Social Housing Pru Goward said the strong market response to the Build- to-Rent project at Redfern laid the foundation for investment in the new model.
"The Redfern Build-to-Rent development will allow the Government to retain valuable state-owned land while the successful proponent will fund, build and manage the new mixed tenure community," Ms Goward said.
"The overwhelmingly strong response from the expressions of interest process tells us that Build-to-Rent will become an integral part of the Government's social and affordable housing building program.
"Build-to-Rent will bridge the housing gap in a market where more people than ever before are renting."
Communities Plus is the largest social and affordable housing initiative in Australia, delivering up to 23,500 new and replacement social and affordable houses over 10 years.
The NSW Government will announce the successful proponent in the third quarter of 2019.
For more information visit https://www.communitiesplus.com.au/