Icon, Hickory, Probuild and Multiplex Expected to Compete for $400M Build-to-Rent Site in South Yarra

US property giant Greystar has acquired two neighbouring sites in South Yarra, with the view to develop a mixed-use precinct including build-to-rent apartments. Greystar’s Australian arm has funding support from Dutch pension firm APG, which has invested $370 million into a fund for the development.  Melbourne’s steadily-growing population and emerging build-to-rent market were key draw cards for Greystar, which also…