Samma and Brightlight expand Build-To-Rent pipeline in Melbourne

Samma Property Group and impact investment firm Brightlight have snapped up a fresh site after partnering up to “disrupt the rental sector”, beginning with four premium build-to-rent projects in Melbourne to the sum of $750m

A capital raising is currently underway to deliver the four shovel-ready projects leading with the development planned for 65 Haig Street, Southbank.

The projects are set to be delivered between 2022 and 2025 and create 1412 apartments and house more than 2800 residents.

Samma Property director Simon Abdelmalak said the focus has been on creating environments for affordable and secure housing purpose built for people to be living in their apartment complexes for years at a time. This has only become more important emerging from two years of various lockdowns.

“What we’ve learned over the years is that buildings are subservient to the vision,” Mr Abdelmalak said.

“What we are trying to do here is improve people’s lives. Now that we are coming out of Covid, there are a lot of loneliness and isolation issues, particularly in large scale buildings.

“What we’re able to do is create an ecosystem where there are better communities that are established within these buildings and because of that, we’re calling these projects designed-to-rent.

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