Ashurst has advised leading Australian property group, Mirvac Group ('Mirvac') on the seed fundraising and establishment of the Australian Build-to-Rent Club ('ABTRC'), with the Clean Energy Finance Corporation ('CEFC') as a key cornerstone investor.

The ABTRC is Mirvac's first Build-to-Rent Club that will offer the opportunity to invest in purpose-built build-to-rent assets in the Australian market.

ABTRC's seed asset will be the Indigo at Mirvac’s Pavilions project at Sydney Olympic Park in New South Wales ('Indigo'). Construction on Indigo has commenced, with completion expected in FY2021. Entities associated with Mirvac will act as the development manager, investment manager and property manager of the ABTRC.

The Ashurst team was led by partner Anton Harris (Corporate), who was supported by partner Lisa Simmons (Funds). The team also included senior associate Andrew Kim, lawyers Rachel Tate and Lee-Anne Yeo, with graduate Rhea Nair (Corporate); senior associate Jared Lynch and lawyer Sharon Liu (Funds); partner Barbara Phair, counsel Bill Cannon and senior associate Elke Bremner (Tax); with counsel Kate Pickthall and lawyer Carolyn Harding-Smith (Real Estate).