Hot on the heels of announcing its first build-to-rent development in Australia, Lendlease chief executive Dale Connor says his money is on the growing asset class as interest rate hikes wash through the housing market.
Speaking at a Property Council event in Brisbane recently, Connor said Lendlease would execute on a number of other sites across Australia to add to the developer’s build-to-rent pipeline in the next 18 months.
Lendlease has delivered more than 2600 residential-for-rent apartments globally, with another 1500 under construction in Chicago, New York and London. Lendlease’s global build-to-rent pipeline is worth about $28 billion, and now the developer is bringing its build-to-rent experience to Australian shores.
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