Greystar Celebrates Grand Opening of First Australian Build-to-Rent Development The Gladstone
MELBOURNE - 27 November 2024 - Global leader in the investment, development, and management of real estate, Greystar has officially opened its doors to Australian residents with its first Build-To-Rent (BTR) project, The Gladstone.
One of Australia’s largest Build-To-Rent projects to date, the completed $500 million residential development brings an additional 700 quality rental homes to the bustling hub of South Melbourne.
“Australian renters have been limited in their access to quality, fit-for-purpose homes for too long. The Gladstone’s opening marks Greystar’s first major milestone in changing this reality,” says Matt Woodland, Managing Director at Greystar Australia. “The Gladstone will provide Victorians with 700 homes specifically designed for renters, fulfilling a crucial gap in the current housing market. As one of the world’s largest operators of Build-To-Rent apartments, we’re excited to bring world-class expertise and an unrivalled living experience.”
The Gladstone boasts three towers and offers a mix of studios alongside one, two and three-bedroom apartments. Each building boasts luxury amenities with a state-of-the-art 330m2 gym, pilates studio, an indoor lap pool and outdoor lagoon pool. The Gladstone is also home to unique property amenities designed for the modern renter including multiple specialty remote working spaces, wine room, rooftop terraces and bars, an outdoor cinema and a pet spa.
Each Gladstone apartment is equipped with high-quality finishes and appliances including reconstituted stone benchtops, induction cooktops, block-out blinds and built-in wardrobes. Electrolux whitegoods are included in all apartments with keyless entries providing residents with convenient access. The Gladstone has also been built following sustainability guidelines, boasting a 6-star acoustic rating and a 5-star Green Star rating with all apartments and amenities powered by 100 per cent offsite renewable energy.
“The Gladstone marks a significant milestone in Greystar’s legacy as our first official operation on Australian soil.” says Bob Faith, CEO at Greystar. “We have always been passionate about investing in and providing quality housing in the great cities of the world, and are now proud to call Melbourne one of Greystar’s newest homes.”
Nestled at the heart of Melbourne’s cultural hub, The Gladstone offers easy access to iconic landmarks. South Melbourne Market is located around the corner and Albert Park Lake is just a short stroll away. The CBD is easily accessible by car, train or tram, and quality education options like South Melbourne Primary school are within walking distance.
Rental agreements starting from twelve-months to three years are now available for The Gladstone.
Contact the leasing team through thegladstone.com.au for more information.
ENDS
About Greystar
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates nearly $315 billion of real estate in approximately 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of over $78 billion of assets under management, including approximately $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
Media contact
Greystar@slingstone.com | 0403 882 458