Local wins finance for $315m Kensington build-to-rent complex
newscatcher
2022-11-17 21:30
Local wins finance for $315m Kensington build-to-rent complex
An artist's impression of Local's build-to-rent development at 350 Macaulay Rd, Kensington. Build to rent platform Local is forging ahead with its flagship project in Melbourne's inner northern suburb of Kensington with the group winning approval for its specialist complex and tapping builder Hacer to construct the units. The company has also won debt financing from NAB for the $315m mixed-use project at 346-350 Macaulay Rd in the bank's first such play in the nascent sector. The Hayball designed facility will have 477 apartments over six buildings.

https://www.realcommercial.com.au/news/local-wins-finance-for-315m-kensington-buildtorent-complex

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