Allens has advised Mirvac on the establishment of its $1.8 billion build-to-rent (BTR) fund, including an investment from the Federal Government’s Clean Energy Finance Corporation.
‘Mirvac is a pioneer in the BTR sector in Australia, and Allens has been a part of that journey since 2018. This landmark transaction establishes the first BTR fund in this country with both operational assets and a pipeline of development assets. The fund will make an important contribution in helping to address Australia’s housing crisis,’ said co-lead partner Tim Chislett.
‘The establishment of Mirvac’s BTR fund reflects the increasing levels of investor appetite for BTR as an asset class, fuelled by recent Commonwealth and State Government initiatives to support the sector. It’s been a great privilege for us to work alongside Mirvac on this transaction, which will help shape the future of housing in Australia,’ said co-lead partner Penny Nikoloudis.
