Pellicano Living, the residential platform for Pellicano, has commenced construction on its next build-to-rent project Perry House; a $41-million, 77-apartment project due for completion in Q3 2022.
Situated in Bowen Hills in Brisbane, Perry House will solidify Pellicano’s current $172-million build-to-rent pipeline, being its third project to commence construction in the last six months. The other two BTR projects currently underway encompass 170 residences across Pellicano’s $85m Stanley House project in South City Square Woolloongabba, and 70 residences across its $46m Solarino House in Brunswick.
Perry House, which has been designed by industry-leading architecture practice SJB, brings together a communal rooftop space, a 10m lap pool and spa, gym facilities, and a “breakout space” to cater for the growing appetite for work-from-home amenities. Complementing the project’s characteristic brick façade is 215sqm of ground-floor retail and onsite hospitality space.
Pellicano Living currently manages 600 residences across 7 projects, with 900+ residents renting through the company, and has a future pipeline of over 1,500 apartments on existing land holdings.
Pellicano’s history in the build-to-rent sector, as well as its desire to provide leading amenities to its residents, has motivated the company to expand its pipeline further, says managing director Nando Pellicano.
“ We have a long-standing interest in build-to-rent, which is an intrinsic part of our past and future; our first project in the sector was Clayton House, which launched in the 1970s – our group still owns and manages the 24 townhomes from this project.
“ We are always working to redefine our offering; we conduct real-time research among our current members, which allows us to continually improve and refine our future projects, such as Perry House.
“ Residents will have access to all of our Pellicano Living benefits, which include hotel-style service, parcel management, dry cleaning, housekeeping, handyman services, bike rentals, car sharing, and regular community events.
“ In the past six months we’ve announced three additions to our growing build-to-rent pipeline, which signals our continued confidence in the sector and the value we place on these assets,” he said.
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