Deal profile | Gadens supports PDG Corporation as it continues to shape Victoria’s build-to-rent landscape
23 December 2021
Gadens has advised PDG Corporation on the sale and development of its latest build-to-rent (BTR) project in Southbank, Melbourne, with an estimated end value of A$350 million.
Located on Kavanagh Street, Southbank, the project comprises 434 apartments including 40 affordable housing units. The project will be delivered by PDG Corporation in partnership with Oxford Property Group and Investa, and will form part of the recently launched BTR platform, Indi. The project also includes the development of the community facilities for the City of Melbourne.
Gadens has continued to support PDG Corporation in relation to a number of its recent commercial, residential and BTR developments and was originally engaged to advise PDG Corporation on its acquisition of the development site, the former JH Boyd Girls’ High School, from City of Melbourne in 2019.
Partner, Daniel Middleton commented,
“We are proud to continue supporting PDG Corporation as it shapes the Victorian BTR landscape. This particular project follows on the success of PDG Corporation’s $450m QVM Munro Development which includes a residential tower comprising 490 BTR units, being one of Melbourne’s first BTR developments.”
Practice groups: Construction, Property, Banking and Finance
Key team members: Partner, Daniel Middleton led the matter supported by Tony Greenaway (Partner), Doug Scobie (Partner), Rebecca Sharman (Senior Associate) and Pearl Chen (Lawyer).