Firm opens up in Sydney
Assael Architecture has opened a studio in Sydney to capitalise on its build-to-rent experience ahead of an anticipated boom in Australia.
The practice, which is based in Putney, south-west London, said a 鈥渨all of capital鈥� was ready to invest in build-to-rent opportunities Down Under and its UK experience with BTR specialists such as Grainger, Legal & General and Essential Living made it a leader in the sector.
Assael director Loren Thanyakittikul, who will head up the firm鈥檚 Sydney studio, said the current climate was an 鈥渆xcellent opportunity鈥� for the move, which would allow the practice to focus on the buy-to-rent and co-living sectors it had helped to pioneer in the UK.
Assael鈥檚 new studio will provide design consultancy services for residentially led, mixed-use developments and co-location projects across Australia.
US developer Greystar recently created an A$1.3 bn (拢728m) investment vehicle targeting 鈥渕ulti-family鈥� developments, which was finalised this month, as evidence of the state of the market.
The firm said the partnership, which includes Ivanhoe Cambridge and APG Asset Management, was Australia鈥檚 largest build-to-rent venture to date.
Assael already has one overseas office in Bahrain, which it opened four years ago.
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