Social and Affordable Housing to be Delivered in Australia

Invesis — formerly BAM PPP — is investing €36 million in the delivery of 1,370 new homes (including 650 social homes and 55 specialist disability accommodation homes) across four sites in Melbourne, Australia as part of Homes Victoria’s innovative Ground Lease Model 2 project.

With the consortium partners working together with Homes Victoria, the project will deliver significant social impact by increasing the social housing stock at each of the four sites — with the rest a mix of affordable and market rental homes. There is tailored housing included for vulnerable women and Indigenous Victorians and all homes will be energy efficient and environmentally sustainable.

Ground Lease Model 2 marks a key milestone in the Australian governments’ flagship policy of transforming the supply of affordable housing to communities across the country.

The dwellings are integrated and mixed across all four sites making them inclusive and sustainable. They are activated with social enterprises, community spaces and overall connectivity to the surrounding environment. The Building Communities consortium is responsible for the design, construction and financing of the dwellings across the four project sites.

Works will commence following community consultations and are expected to be complete in late 2026, delivering a total of 1,370 new homes. The consortium will then be responsible for the management and maintenance of the sites for the next 40 years.