27-04-2025
- Business
- AU Financial Review
Novus seeks $1bn for Sydney Metro-adjacent build-to-rent projects
Build-to-rent player Novus has hit the pavement to raise $1 billion plus for three projects across Sydney and Melbourne, tapping into inbound interest from Asian and North American institutional investors.
The group, a partnership between property developer Aliro Group and two ex-Mirvac employees, Adam Hirst and Jason Goldsworthy, has hired investment bank Jarden and Chicago-headquartered Cushman & Wakefield to market the deal and oversee an international capital raising process.
