Cedar Pacific has entered into a contract to acquire Block 3 57 Turner, ACT from the ACT Government for the development of a new purpose-designed build-to-rent asset.

Hundreds of new rental homes in Turner are a step closer with contracts now exchanged on the first dedicated build-to-rent site to be delivered by the private market in Canberra.

Cedar Pacific, a leading Australian investment manager specialising in the Living Sector, today announced its second close for its BTR project in Brisbane. Grosvenor’s Diversified Property Investments, a global property developer and investor, and Moata Ventures, a private investment office join Sumitomo Forestry Australia in the project. This strategic partnership is a milestone for both investors into the burgeoning Australian BTR market and underscores the growing institutional appetite for quality build to rent assets in key markets.

Cedar Pacific, a leading Australian property investor, and Sumitomo Forestry Co., Ltd., a major Japanese company engaged in various businesses relating to forestry and wood management, including development, today announced a strategic partnership to develop Build-to-Rent (BTR) assets in Australia and New Zealand. This collaboration will leverage both companies’ expertise to deliver high-quality, sustainable residential communities that meet the growing demand for rental housing in the region with a commitment to achieving high ESG credentials.

Cedar Pacific and CBRE Investment Management have launched a green loan partnership with Sumitomo Mitsui Banking Corporation (SMBC), a milestone in sustainable financing for the purpose-built student accommodation asset class.