BSE was engaged by the developer, Amalgamated Property Group, and then novated to Allstar Electrical to provide electrical design services for the Oaks Canopy project in Canberra, the first standalone build-to-rent (BTR) project in the state. The 14-storey building with 156-units has a project budget of over $40 million.
Project Director: Brendon Newham
BTR addresses the growing demand for quality rental housing while offering stability and security through long-term rental contracts. This provides tenants with the assurance that traditional rentals often lack which is particularly appealing to those who may be relocating for work in Australia’s capital.
Daniel Potts, Development Manager at Amalgamated Property Group said in an article from Riotact that “the success of our business will be in long-term tenant retention and our objective is to demonstrate how good BTR can be and have tenants stay with us for a long period of time.”
One of the first tenants, Georgie, mentioned in a separate article from Riotact that the reason that the Oaks Canopy stood out to her was “the whole build-to-rent community, and there’s that extra security, the comfort, the benefit of the incredible amenities, with all of these extra things that I don’t have to worry about, it’s what I was looking for.”
Through the shared amenities such as recreational spaces, gyms, and common areas, residents are encouraged to engage with one another, creating a vibrant neighbourhood atmosphere.
Amalgamated has gone one step further and will remain a hands-on building owner to deliver personalised property and building management experiences. This means that from day one, you know exactly who you’re dealing with.
BSE is proud to be a part of this BTR project which helps alleviate the housing crisis by boosting supply.
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Images courtesy of Amalgamated Property Group
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