Icon Consortium Preferred for $400M Government Build-to-Rent Contract

Image: HOME Southbank by Grocon

Icon is the preferred builder for a $400 million government contract to construct three build-to-rent commercial communities in Melbourne.

The builder joins a consortium including Qualitas, Tetris Capital and CHL, which beat out two other shortlisted consortia with Kane Constructions and Watpac as builders.

Three build-to-rent developments with around 1,000 dwellings will be constructed on government land in Brighton, Prahran and Flemington, redeveloping and sitting alongside existing public housing estates.

The project is part of a state government initiative to ease the burden of securing long-term rentals and improve housing affordability.

Icon’s involvement in the project is reflective of the company’s commitment to building high-end residential communities.

The Tier 1 builder is currently delivering Grocon’s first Home Residential build-to-rent complex on City Road in Southbank, a 61-storey residential tower. 

It is also expected that Icon will compete for a build-to-rent development by Assemble Communities in Kensington with plans to create 400 dwellings. 

Icon’s involvement with the state government recently includes securing the contract for the $90 million Bendigo GovHub in a joint venture alongside Fairbrother. 

The Tier 1 builder’s involvement in the project also reflects the company’s effort to diversify its pipeline, with the appointment of Daniel Crawley as State Manager for Victoria also highlighting a strengthened focus on public-interest projects such as healthcare sector builds. 

Recommended posts

What is Conecta?

Conecta is an innovative jobs platform for the construction and engineering industry.

Even if you are not looking for a job right now, having a Conecta profile means amazing opportunities can tap you on the shoulder.

Free Sign Up
Recent Jobs

EHSQ Manager


Melbourne VIC, 3000

Apply Now
Popular posts