Cedar Pacific, a leading Australian investment manager specialising in the Living Sector, today announced its second close for its BTR project in Brisbane. Grosvenor’s Diversified Property Investments, a global property developer and investor, and Moata Ventures, a private investment office join Sumitomo Forestry Australia in the project. This strategic partnership is a milestone for both investors into the burgeoning Australian BTR market and underscores the growing institutional appetite for quality build to rent assets in key markets.

Building Brisbane’s BTR Future

Located in the heart of Brisbane’s CBD, the Quay Street project is a transformative development that will deliver a vibrant BTR community under the State of Queensland’s affordable BTR housing pilot program offering around 50% of the apartments at 25% below market rental levels. The project will encompass 475 high-quality apartments, offering residents a range of amenities and a prime location close to public transportation, shops, and entertainment options. Construction has begun under a contract with Hutchinson Builders and completion is expected during Q4 2026.

Cedar Pacific: A Proven Leader in BTR

Cedar Pacific has established itself as a frontrunner in the Australian Living Sector, with a proven track record of developing high-quality, design-led sustainable communities. The company’s track record includes 18 successful residential projects across Australia and New Zealand totalling provision for over 10,000 residents, with each property catering to the evolving needs of today’s renters.

“We are excited to partner with Grosvenor and Moata Ventures on the Quay Street project,” said Bernard Armstrong, CEO of Cedar Pacific. “Grosvenor’s global experience in the sector as well as a deep understanding of the Australian market will enhance the project greatly, helping us to create a state-of-the-art asset that meets market demand. This strategic partnership will allow us to deliver an exceptional BTR community in Brisbane’s growing CBD.

Grosvenor Diversified Property Investments

Grosvenor’s Diversified Property Investments business is part of Grosvenor, an international organisation whose activities include global urban property investment. Its global investment portfolio includes logistics, student accommodation, offices, medical properties, and life sciences. Grosvenor is committed to generating strong commercial results, while advancing its social and environmental commitments.

“We are excited to enter the Australian BTR market with this landmark project in Brisbane,” said Andy Yates, CIO of Grosvenor Diversified Property Investments. “The combination of Cedar Pacific’s market leading skills, together with this exceptionally high-quality development opportunity makes this a great investment in the future of Brisbane. We are confident that our partnership with Cedar Pacific will be highly successful.”

Moata Ventures

Moata Ventures is committed to partnering with highly skilled managers who are aligned to deliver sustainable returns in asset classes that support Moata’s strategic vision.

Neil Jones, Principal of Moata Ventures, said: “Apart from the compelling dynamics of BTR in Australia’s key cities, we are particularly pleased to be partnering with Cedar Pacific who we know well and who have a clear leadership position across the living sectors in Australia and New Zealand.”

The Rise of BTR in Australia

The BTR market in Australia is experiencing significant growth, driven by a surge in demand for high-quality rental accommodation. This trend is particularly pronounced in major cities like Brisbane, where a growing population and a shortage of affordable housing are creating fertile ground for BTR developments.

About Cedar Pacific

Cedar Pacific is a leading Australian investment manager and developer specializing in Build-to-Rent (BTR), purpose-built student accommodation (PBSA) and co-living communities across Australia and New Zealand. The company is committed to creating high-quality, design-led communities that cater to the evolving needs of today’s renters. With a focus on innovation and sustainability, Cedar Pacific is shaping the future of rental living in Australia.

About Grosvenor Diversified Property Investments

We’re part of Grosvenor, an international organisation with a track record of over 340 years. Within our global remit, we back specialist local property investment teams, who share our values and have a demonstrable investment track record.

By investing Grosvenor’s own capital alongside local partners who have a clear understanding of the changing demands of real estate in their markets, we aim to generate strong commercial results, while advancing our social and environmental ambitions.

Since our first partnership in 2012, we’ve successfully backed aligned, specialist, local management teams across six continents and in a broad range of sectors including industrial/ logistics, student accommodation, life sciences, healthcare, housing, and offices.

We’re part of an international, privately owned organisation with a 300+ year track record of pioneering change and new ways of thinking about global investment, dedicated to delivering lasting commercial, environmental, and societal benefit.

Contact

Cedar: Anna Green – anna.green@cedpac.com

Grosvenor: Alexander Davis – alexander.davis@grosvenor.com +44 20 7312 6324

Moata: Inma Ferrero – General Manager: iferrero@moataventures.com