Insights > Deals
Deutsche Asset Management and FYVE agree Sydney rental project
11 November 2026 | JV | Australia | 414 units | Development
The asset manager has agreed to invest in its first Australian build‑to‑rent development, on Elizabeth Street in Liverpool, Western Sydney.
Key details
Asset type | Development |
Location | Liverpool, Sydney, Australia |
Capacity | 414 units |
Party 1 | Deutsche Asset Management |
Party 2 | FYVE |
Value | Undisclosed |
Source: FYVE
The proposed 34‑storey tower targets middle‑income renters and essential workers near Liverpool’s hospital, education and transport facilities. Binah is the project's construction partner. The fund’s acquisition remains conditional on planning approval, expected in 2027.
Strategic context
Deutsche’s residential platform already manages 46,000 homes across Europe and North America, but this is its first Australian BTR project. FYVE’s integrated developer and construction model supported by Binah brings local delivery experience to the partnership.
The investment expands Deutsche's established rental strategy into the Australian market, with a focus on the mid‑market rental housing.
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