Caulfield Place Precinct 3 West

Caulfield Village is an urban precinct in Melbourne’s south-east situated adjacent to the Caulfield train station and Monash University. The 5-hectare site is a staged development that when complete, will comprise multiple precincts with a mix of over 1,500 apartments, retail spaces, eateries, and lifestyle facilities.

Caulfield Place is Precinct 3 West, which is being developed by Beck Property Group in conjunction with Reshape Development, with finance provided by Qualitas. The project consisting of two 13-level towers and a shared podium, contains 351 build-to-rent residential apartments featuring a mix of sizes from studio to three bedroom apartments and 253 car parks. The development also provides 17 affordable apartments for key workers. Amenities include a pool, gym, resident lounges, wellness rooms, co-working spaces, and meeting rooms. The ground floor’s c.1,600 sqm net lettable area, will become home to several new retail operators and complement the existing retail offering at Caulfield Village.

Qualitas’ funds management platform is providing a debt funding package of c.$173 million. The funding comprises a senior construction debt facility for the development, converting to a 12-month term facility on the completion of the construction. Caulfield Village is being built with environmentally sustainable design features that align with our goal to integrate ESG considerations into all that we do, including our investments. Our facility incorporates terms and conditions linked to the sustainability features of the development.

Caulfield Place is targeting an uplift in its Green Building Council of Australia Green Star Buildings rating from 4 Stars (as designed) to 5 Stars, indicating Australian excellence1 for the project and demonstrating the value that sustainability can bring to projects of this kind. Specific sustainability features include:

• A NatHERS energy efficiency rating of 7.5 Stars (average).
• Rooftop photovoltaic solar with a peak capacity of 96kW distributed across tower roofs.
• High-performance glazing and energy‑efficient building services, appliances, and fixtures.
• Best practice standard for stormwater quality.
• Landscaping which enhances amenity and contributes to biodiversity