Ground Lease Model 2 - Annoucement

We are proud to announce the approval of Ground Lease Model 2 and congratulate the Building Communities Consortium on being selected to deliver the project. The consortium includes Community Housing Limited, Tetris Capital, Women’s Property Initiative, Aboriginal Housing Community Limited, and Icon.

The Ground Lease Model 2 (GLM2) is part of the Victorian Government's Public Housing Renewal Program, focusing on delivering new housing across multiple sites. Under this model, public land is leased to a consortium that is responsible for designing, financing, constructing, and managing social, affordable, market, and disability rental homes. 

GLM2 will deliver 1,370 homes across four Melbourne sites, including social and affordable housing, market rentals, and specialist disability accommodations. This project is innovative because it involves both public and private sector collaboration, aiming to meet modern housing needs and sustainability standards.

HHR will provide management services for the affordable and market rental dwellings, assisting CHL in the ongoing management of the sites.

For more information please visit our upcoming project page and Homes Victoria.