Deutsche Asset Management Plans 414-Apartment Build-to-Rent Project in Western Sydney
Deutsche Asset Management has partnered with Australian residential developer FYVE and construction contractor Binah to develop a 414-apartment Build-to-Rent (BTR) project in Liverpool, Western Sydney. The proposed development will be the asset manager’s first project of this kind in Australia.
The site is located on Elizabeth Street in Liverpool's central business district. Plans call for a 34-storey tower, which would become the tallest building in Liverpool. The project is expected to include approximately 414 residential apartments, a gym and rooftop amenities with views across the surrounding area.
The acquisition is being made on behalf of one of Deutsche Asset Management's real estate funds. However, it remains subject to planning approval, which is expected in 2027.
For FYVE, the agreement brings another institutional investment partner into its Australian development business. The company will work alongside Binah, with the two firms bringing their development and construction capabilities to the project.
Amen Zoabi, Managing Director of FYVE, said the partnership strengthened the company's position with institutional investors in Australia and overseas. He also pointed to its integrated developer-builder model with Binah, which gives the partners greater control over project costs and delivery schedules.
Ben Taylor, who is in charge of Real Estate in Australia at Deutsche Asset Management, mentioned that this project will concentrate on mid-market rental sector. The organization prioritizes essential workers and households with medium income and aims at providing them with housing in locations where supply remains restraining.
The Liverpool development belongs to a larger living initiative. Deutsche Asset Management is also investigating rental possibilities in suburban areas of Brisbane and Melbourne.
The place provides access to a number of operating social services as well as places of work. For example, this includes a big shopping mall, one of the biggest hospitals in the state, a technical college, a university branch and Liverpool Railway Station.
The area is likely to face benefits from the establishment of the new Sydney Airport and infrastructural projects with the assistance of New South Wales Government’s planning project referred to as the Three City Strategy.
Deutsche Asset Management uses the resources of its residential investment program in order to manage its 46 thousand properties and investments worth AUD 22 billion in residential facilities across Europe and North America on 31 March 2026.
