PETALING JAYA: UEM Sunrise Bhd
has secured another planning permit in Australia after the Minister for Planning gave the nod for a A$277.8mil build- to-rent development in Collingwood, Melbourne.
Three weeks earlier, on Nov 18, UEM Sunrise announced that it had received development approval for a 0.49-ha mixed-use residential project in Subiaco East, Perth.
In a statement yesterday, the group said the 0.54-ha Collingwood project will offer 407 apartments across two buildings of 16 and 18 storeys.
The units will include studios, as well as one-to-three-bedroom configurations.
Additionally, the development will offer 1,300 sq m of retail space, pedestrian laneways, and over 1,000 sq m of public and semi-private courtyards.
As part of its community benefits offering, 10% of the development will be allocated for affordable housing.
The build- to-rent development will also feature a 250 sq m community space on the ground floor, which will be provided rent-free for a selected not-for-profit organisation.
UEM Sunrise outgoing chief executive officer Sufian Abdullah said the project will be the first build-to-rent development in the “highly sought-after” inner-city suburb of Collingwood.
“We recognise the significance of this project for the Collingwood area and its future local residents, adding critical new housing supply at a time when it is already difficult to secure a home in this market,” he said.
The project is undertaken in partnership with Australian property investment firm Greystar.
UEM Sunrise would be the developer and delivery partner for the project, with Greystar as the investor and owner-operator via a fund-through structure.
The development is located 3.5km from Melbourne central business district and construction is expected to begin early to mid-2026.
