This article is from the Australian Property Journal archive
CORONATION Property is stepping into the build-to-rent sector with the launch of Nation, which will deliver a pipeline of communities across Sydney.
The subsidiary company, Nation, plans to deliver a projected 1,500 available across three key Sydney locations by 2025.
“We’ve established Nation as a stand-alone business to specifically meet the growing demand for secure, flexible rental solutions in a Sydney market which has become increasingly inaccessible for a vast number of renters,” said Joseph Nahas, managing director at Coronation.
The first of the BTR communities will be Charlie Parker in Harris Park, designed by the award-winning architectural practice FJC, in Q4-2023.
Which will be shortly followed by Mason & Main in Merrylands, designed by Woods Bagot. opening in early-2024.
Mason & Main is set to become the largest BTR project in New South Wales, comprising 450 apartments and complemented by a retail and dining precinct.
The third BTR offering will see Nation operating around 800 apartments in Coronation’s $1.5 billion Erskineville mixed-use precinct located 4km from the Sydney CBD, with an expected completion date in 2025.
This comes after recent Knight Frank research found the rapidly expanding BTR sector is expected to see 55,000 dedicated units completed by 2030.
“It’s unacceptable that essential workers are forced to travel over an hour to-and-from work each day. We are proud that Nation’s new BTR communities will provide frontline workers with secure, attainable rental options within access to major hospitals including Westmead, and Royal Prince Alfred (RPA),” added Nahas.
“Nation aims to provide a quality and accessible living experience for everyone, offering a diverse selection of apartments including fully furnished options and pet-friendly units, all supported by on-site concierge and maintenance teams.”
Each development will include residents’ amenities such as private dining areas, gyms, swimming pools, saunas, cinemas, libraries, and co-working office spaces, with select locations featuring a wellness centre.
Nation is also looking to streamline and expedite the rental procedure through its online interactive digital platform, which will enable renters to search for properties, sign leases and digitally manage their living experience.
Tenants will be able to relocate to another Nation apartment, either within their current location or by transferring to another Nation location without incurring break fees or needing to sign a new lease.
“Coronation has already delivered nearly 2,000 high quality residences to Sydneysiders, with an additional $3.2 billion in various stages of design, development, and construction,” said Nahas.
“These projects form a fundamental part of Coronation’s robust project portfolio totalling $5.6 billion, which includes future land developments that will bring more than 9,000 new homes to the Sydney market by 2027.”
