Invesis makes its first social and affordable housing investment in Australia

Invesis is proud to be a partner of the Building Communities consortium as equity sponsor alongside abrdn and working with Tetris Capital, Icon, Community Housing (Vic) Ltd., Women’s Property Initiatives and Aboriginal Community Housing (Vic) Ltd.

Working together with the consortium partners and 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, including Specialist Disability Accommodation 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 Invesis’ strategy to play a leading role in the Australian governments’ flagship policy of transforming the supply of affordable housing to communities across the country. With this second investment in Australia, alongside the Cross River Rail project in Brisbane, Invesis strengthens its position as an investor developer and long-term partner for our clients in the Australian market.

Building Communities
The Ground Lease Model 2 project includes social housing, affordable housing, market rental homes and Special Disability Accommodation dwellings, spread across four sites in Melbourne owned by Homes Victoria:

• Simmons Street, South Yarra
• Essex Street, Prahran
• Bluff Road, Hampton East
• Barak Beacon site, Port Melbourne

The dwellings are truly 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 social, affordable, market rent and Special Disability Accommodation 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 1370 new homes. The consortium will then be responsible for the management and maintenance of the sites for the next 40 years.

Chris Williams, Chief Executive of Invesis said “Invesis is delighted to play our part in delivering much-needed affordable homes for communities across Melbourne. As a business we are committed to using our investment to deliver transformational social benefits to the communities we serve. In its innovative Ground Lease Model program, Homes Victoria has created a world-leading delivery program which is leveraging global investment capital to transform the life experience of hundreds of families in the state. Invesis is proud to be part of the Building Communities team working with Homes Victoria to make this a reality.”

About Invesis
Invesis transforms lives through sustainable infrastructure. We are a global investor and developer in infrastructure projects that create a lasting legacy for future generations. Our experts manage all aspects of an investment from development and financing to the design, construction, maintenance, operation and all the way through to hand back. Whether transportation, social infrastructure, energy transition projects or digital Infrastructure, our team has the expertise, knowledge and commitment to ensure every project succeeds. Invesis provides clarity, certainty and confidence in every project so that our clients and partners can exceed expectations, deliver value and create a better future for all of us.

Invesis has a portfolio of 50 assets, with a capital value of €12bn, which includes the Cross River Rail project in Australia, Silvertown Tunnel in the UK, the Afsluitdijk in the Netherlands and University Hospital Schleswig-Holstein in Germany.

Invesis operates in Australia, the USA, the Netherlands, Belgium, UK, Ireland and Germany, and employs over 110 employees across 8 international offices. We are jointly owned by the construction and civil engineering company Royal BAM Group and pension fund manager and global investor, PGGM.

Invesis has recently established its permanent presence in Australia by the appointment of a Australian Business Development lead and opening an office in Sydney.