[+] Lendlease Boss Backs Build-to-Rent in Housing Downturn

Hot on the heels of announcing its first build-to-rent development in Australia, Lendlease chief executive Dale Connor says his money is on the growing asset class as interest rate hikes wash through the housing market. 

Speaking at a Property Council event in Brisbane recently, Connor said Lendlease would execute on a number of other sites across Australia to add to the developer’s build-to-rent pipeline in the next 18 months. 

Lendlease has delivered more than 2600 residential-for-rent apartments globally, with another 1500 under construction in Chicago, New York and London. Lendlease’s global build-to-rent pipeline is worth about $28 billion, and now the developer is bringing its build-to-rent experience to Australian shores.