We're excited to announce our new partnership with Cedar Pacific, delivering their Quay Street project in Brisbane via Grosvenor Diversified Property Investments, our first Build-to-Rent investment in Australia. This landmark development will offer 475 high-quality apartments, 50% of which will be provided below market rental levels. Amidst the rising demand for rental accommodation in Brisbane, Quay Street is addressing this shortage, creating much-needed, high-quality homes to rent in the city. GDPI operates across a broad range of sectors, investing globally alongside specialist local partners. In 2023, we committed to doubling the size of this business to approximately £1.5bn in equity, over a five-year period. Quay Street marks our diversified business’ fifth partnership, and tenth deal overall in Australia since 2013. With construction underway and completion expected in Q4 2026, we’re investing to deliver a vibrant, affordable rental community in the city. #BTR #RealEstateInvestment #PeopleAndPlanetPositive #Brisbane
Cedar Pacific is thrilled to announce that Grosvenor Diversified Property Investments and Moata Ventures have invested in our landmark Build-to-Rent (BTR) project at Quay Street, Brisbane. A milestone for all parties in a competitive capital market. This strategic partnership ensures the project will set a new benchmark for sustainable rental communities in Brisbane. Bernard Armstrong | Mark de Medici | David Hill | Paul Fell | Alan Frost