Invesis is investing A$60m\/\u20ac36m in the delivery of 1370 new homes (including 650 social homes and 55 Specialist Disability Accommodation homes) across four sites in Melbourne as part of Homes Victoria\u2019s innovative Ground Lease Model 2 project.<\/p>\n
Invesis is proud to be a partner of the Building Communities consortium as equity sponsor alongside abrdn and working with Tetris Capital, Icon, Community Housing (Vic) Ltd., Women\u2019s Property Initiatives and Aboriginal Community Housing (Vic) Ltd.<\/p>\n
Working together with the consortium partners and Homes Victoria, the project will deliver significant social impact by increasing the social housing stock at each of the four sites \u2013 with the rest a mix of affordable and market rental homes, including Specialist Disability Accommodation homes. There is tailored housing included for vulnerable women and Indigenous Victorians and all homes will be energy efficient and environmentally sustainable.<\/p>\n
Ground Lease Model 2 marks a key milestone in Invesis\u2019 strategy to play a leading role in the Australian governments\u2019 flagship policy of transforming the supply of affordable housing to communities across the country. With this second investment in Australia, alongside the Cross River Rail project in Brisbane, Invesis strengthens its position as an investor developer and long-term partner for our clients in the Australian market.<\/p>\n
Building Communities <\/strong><\/p>\n The Ground Lease Model 2 project includes social housing, affordable housing, market rental homes and Special Disability Accommodation dwellings, spread across four sites in Melbourne owned by Homes Victoria:<\/p>\n The dwellings are truly integrated and mixed across all four sites making them inclusive and sustainable. They are activated with social enterprises, community spaces and overall connectivity to the surrounding environment. The Building Communities consortium is responsible for the design, construction and financing of the social, affordable, market rent and Special Disability Accommodation dwellings across the four project sites.\u00a0 Works will commence following community consultations and are expected to be complete in late 2026, delivering a total of 1370 new homes.\u00a0 The consortium will then be responsible for the management and maintenance of the sites for the next 40 years.<\/p>\n Chris Williams, Chief Executive of Invesis said \u201cInvesis is delighted to play our part in delivering much-needed affordable homes for communities across Melbourne. As a business we are committed to using our investment to deliver transformational social benefits to the communities we serve.\u00a0In its innovative Ground Lease Model program, Homes Victoria has created a world-leading delivery program which is leveraging global investment capital to transform the life experience of hundreds of families in the state.\u00a0Invesis is proud to be part of the Building Communities team working with Homes Victoria to make this a reality.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\n