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M&G buys Melbourne build-to-rent development for USD 158 million

By Public Technologies
  • M&G Real Estate acquired Melbourne’s Bowen Crescent build-to-rent development for USD 158 million on October 27, 2026.
  • The acquisition marks its Asia Living Property strategy’s first Australian build-to-rent investment, bringing strategy assets to approximately USD 500 million.
  • The newly completed, 17-story development comprises 215 rental apartments near Melbourne’s central business district and major university precincts.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M&G plc published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.

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