Developer Lendlease, alongside Nippon Steel Kowa Real Estate (NSKRE) and Tokyo Tatemono, have topped out at the 899 Collins Street Build to Rent development in Melbourne’s Docklands. Works commenced in 2024.
Located on the western edge of Melbourne’s CBD, the 24-level development will deliver 499 studio, one-, two- and three-bedroom Build to Rent apartments with uninterrupted views across the Yarra River and Victoria Harbour.
Amenities include a 25-metre heated outdoor pool overlooking the harbour, rooftop barbecue area, co-working lounge, home theatre, pet spa, podcast studios, private dining rooms and wellness facilities including a sauna, steam room and gym.
“Topping out at 899 Collins Street is an important milestone and highlights the value of strong partnerships in bringing major residential projects to life.
“We’re proud to be partnering with NSKRE and Tokyo Tatemono to deliver 499 new homes for Melbourne, increasing housing choice in a well-connected waterfront location while reflecting continued confidence in Australia’s growing Build to Rent sector.”
Claire Johnston, CEO Development, Lendlease
Positioned in the heart of Lendlease’s Victoria Harbour precinct, 899 Collins Street provides easy access to the CBD, public transport, retail and dining destinations, and the waterfront, offering residents the convenience of living within an established inner-city community.
The scheme will also deliver Bourke Dock: a new waterfront public park featuring 1,000 sqm of open space and a major public artwork by acclaimed First Nations artist Reko Rennie. The all-electric development is targeting a 5-Star Green Star Building rating and a 7-star NatHERS rating.
“We are delighted to celebrate this significant construction milestone at 899 Collins Street, achieved through our strong partnership with Lendlease and Tokyo Tatemono.
“As NSKRE’s first project in Australia, this development reflects our commitment to expanding our global real estate business through partnerships with trusted and highly experienced partners.
“We look forward to seeing this landmark project contribute to Melbourne’s housing supply and the continued growth of its vibrant waterfront community. ”
Kouryuu Igari, Managing Director – International Business, Nippon Steel Kowa Real Estate
Expected to welcome residents in early 2027, 899 Collins Street is Lendlease’s latest Build to Rent scheme, adding to the company’s portfolio of over 4,600 Build to Rent homes in delivery or under management across Australia and the United States.
This follows the completion of West Tower at Melbourne Quarter, Australia’s largest Build to Rent tower, earlier this year, with Exhibition Place in Brisbane also set to welcome residents in the coming months.
“We are delighted to celebrate this significant construction milestone at 899 Collins Street alongside Lendlease and NSKRE. Reaching full height marks an important step forward for the project and reflects the strong collaboration between all project partners.
“As our first Build to Rent investment in Australia, 899 Collins represents an important opportunity for Tokyo Tatemono to contribute to the growth of rental housing in the market.
“Together with Lendlease’s development and operational expertise, we look forward to delivering a high-quality residential community that will enhance Melbourne’s waterfront precinct.”
Fumio Tajima, Managing Executive Officer – Overseas Business Division Director, Tokyo Tatemono
Lendlease is the developer, builder and investment manager for the development, which is being delivered in partnership with NSKRE and Tokyo Tatemono. The investment will be managed as part of Lendlease’s growing mandates business. The development marked NSKRE’s entry into the Australian market and represents Tokyo Tatemono’s first rental housing development investment in Australia.
