Vanessa Orth, Managing Director Investment Management, Lendlease Australia, said it has a major advantage in the national Build To Rent (BTR) sector.
Lendlease, which announced its first BTR in Australia last month, has built more than 2,600 BTR apartments internationally, with another 1,500 in delivery in cities including Chicago, New York and London. Lendlease’s global BTR pipeline is approximately $28 billion.
Vanessa said the group has done extensive research that tells them that when it comes to Australia, amenity and a strong community were key to both driving tenant attraction and retention.
“Having well-run buildings is fundamental, along with designing-in the right mix of quality amenity. In Brisbane for example, our development will include a 25m lap pool with beach edge, podcast / music recording studios, BBQ pavilion, fully equipped industrial gym, outdoor spa retreat, yoga room and resident lounges,” Vanessa said.
“Being pet friendly is a must have, so we’re including dog wash facilities and we’re also looking to offer co-working spaces – if these spaces are designed well then they’ll be valued and attractive to tenants. We’ll also have a variety of flexible spaces to cater to changing tenant demands.”
