Real estate investor, developer and operator Greystar has officially opened the doors to residents to its first Build to Rent development in Australia – The Gladstone in South Melbourne.
The $500m scheme comprises 700 studios, one-, two-, and three-bedroom apartments. Amenities incluce a 330m2 gym, Pilates studio, an indoor lap pool and outdoor lagoon pool, remote working spaces, wine room, rooftop terraces and bars, an outdoor cinema and a pet spa.
“Australian renters have been limited in their access to quality, fit-for-purpose homes for too long.
“The Gladstone’s opening marks Greystar’s first major milestone in changing this reality.
“The Gladstone will provide Victorians with 700 homes specifically designed for renters, fulfilling a crucial gap in the current housing market.
“As one of the world’s largest operators of Build to Rent apartments, we’re excited to bring world-class expertise and an unrivalled living experience.”
Matt Woodland, Managing Director, Greystar Australia
Each apartment at The Gladstone is equipped with reconstituted stone benchtops, induction cooktops, block-out blinds and built-in wardrobes.
Electrolux whitegoods are included in all apartments, with keyless entries providing residents with convenient access.
The development has also been built following sustainability guidelines, boasting a 6-star acoustic rating and a 5-star Green Star rating, with all apartments and amenities powered by 100% offsite renewable energy.
Located at the heart of Melbourne’s cultural hub, The Gladstone offers easy access to iconic landmarks. South Melbourne Market is located around the corner and Albert Park Lake is just a short stroll away.
The CBD is easily accessible by car, train or tram, and quality education options like South Melbourne Primary school are within walking distance.
“The Gladstone marks a significant milestone in Greystar’s legacy as our first official operation on Australian soil.
“We have always been passionate about investing in and providing quality housing in the great cities of the world and are now proud to call Melbourne one of Greystar’s newest homes.”
Bob Faith, CEO, Greystar
Rental agreements starting from 12 months to three years are now available for The Gladstone.
