AsheMorgan has partnered with Japanese trading and investment company Marubeni Corporation, alongside Haseko Corporation and Mizuho Leasing, to deliver the $600m District Living Build to Rent precinct in Melbourne’s Docklands.
Stage One will comprise 626 apartments, with construction set to commence next month following the appointment of Kapitol as builder. District Living marks Marubeni’s first foray into the Australian Build to Rent market and will join the company’s growing portfolio of Build to Rent schemes around the world.
“Australia’s rising demand for rental housing highlights the importance of building with quality and longevity in mind. District Living will deliver much-needed apartment stock to the market and serve the city for decades to come.
“We’re applying the same digital innovation that underpins all our major projects, such as advanced design coordination, 4D sequencing, and prefabrication. These methods improve precision and efficiency, providing better housing outcomes for residents.”
Andrew Deveson, Co-Founder and Director, Kapitol
When complete, District Living, designed by Warren and Mahoney, will comprise over 900 studios, one-, two- and three-bedroom apartments across two buildings, with a strong focus on families. A unique offering of Soho-style dual-level apartments will also be available.
“Partnering with Marubeni, Haseko, and Mizuho Leasing on District Living is an exciting step for AsheMorgan and is reflective of the group’s confidence in the project.
“Together, we are committed to creating a thriving rental community that sets a new benchmark for quality and amenity in Melbourne.”
Mendy Moss, Principal, AsheMorgan
Stage one will include over 2,200 sqm of amenities including a wellness centre with gym, plunge pool, sauna, steam room and sky terrace – with over 1,400 sqm of private outdoor space, dog-friendly spaces, and landscaped green areas.
Ground-floor retail and 1,700 sqm of public open space will also enhance the precinct. In line with community expectations for sustainable living, the development will be fully electric and target a 7.5-star NatHERS rating.
“We see enormous potential in Build to Rent as a housing solution in Australia, and are looking forward to working with an outstanding partner in AsheMorgan to bring this project to life.”
Noritake Miyaguchi, General Manager, Marubeni – Overseas Real Estate Dept.
Located beside AsheMorgan’s established District Docklands precinct, District Living will benefit from existing retail, entertainment and lifestyle amenity, with plans for a future pedestrian link to North Melbourne station.
