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Greystar advised on Australia’s ‘largest’ build-to-rent project
Hall & Wilcox has advised Greystar Real Estate Partners on what’s being dubbed Australia’s largest build-to-rent project.
Emma Musgrave
Firm: Hall & Wilcox (Greystar Real Estate Partners).
Value: $500 million.
Area: Projects.
Key players: Hall & Wilcox partner Meg Lee led the team and was assisted by lawyer Matt Hughes. Partner Jim Koutsokostas has also provided advice on proposed tax relief for build-to-rent projects.
Deal significance: As per a statement from Hall & Wilcox, Greystar is a global company that invests, develops, and manages high-quality rental housing properties.
“The South Yarra project, designed by architects Fender Katsalidis, will have 625 apartments and 3,500 square metres of communal amenities, spread over two towers. It is the largest build-to-rent development ever to receive a permit in Australia,” the firm noted.
Commenting further, lead partner Meg Lee said: “The project is an exciting contribution to the affordability matrix in Melbourne, offering a unique and flexible housing product with excellent communal amenities of approximately 5.6 square metres per apartment compared to an average of only 3 square metres in other luxury apartment towers”.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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