Goldfields has officially entered the Build to Rent (BTR) sector with the announcement of its first project, The Raleigh, in the heart of Windsor. Construction is well underway for the $350 million apartment complex with basement excavation now complete.
Nestled between the vibrant precincts of Windsor, Prahran, and St Kilda on the corner of Raleigh Street and Punt Road, the interconnected 15-storey double tower will host 348 studio, 1, 2 and 3 bedroom apartments and offer a wealth of sophisticated amenity for residents.
A rooftop pool and basketball court, dog park, gym, co-working spaces, cinema room, private dining, bar and lounge areas, and private lobby will create a building with lifestyle and wellbeing values at its heart.
The settlement and commencement of the project marks a significant milestone for Goldfields and represents the beginning of a new growth phase for the company as the developer forges ahead with its growing pipeline of projects.
Goldfields’ Managing Director, Marco Gattino, said Goldfields is dedicated to delivering high-quality housing and The Raleigh will set a new standard for BTR in Australia that will meet the demands of today’s market.
“Windsor is a highly sought after pocket of the city fringe with significant depth of demand and opportunity for growth,” said Mr Gattino. “We believe in this precinct, its desirability, and our ability to bring a world-class building to this incredible neighbourhood.”
“Australia is suffering from a multi-decade housing underbuild with pressure growing every day for developers, builders, and landlords to do more to ease the strain. Our expansion into BTR will help improve Melbourne’s rental affordability by injecting much needed, high quality apartment stock into a tight market experiencing huge undersupply.
“Goldfields is delighted to be working with Merricks Capital on this exciting landmark project. “Merricks Capital was a major funding partner on our commercial office tower in South Yarra, Goldfields House.
“It takes faith and technical capability from like-minded organisations to seek out and partner with, on these complex projects. We are proud to be working with Merricks Capital again and look forward to a rewarding development outcome.”
Merricks Capital’s Head of Private Credit, Dan O’Donoghue, said Merricks Capital is looking forward to partnering with Goldfields through funding of the project.
“The supply demand fundamentals supporting the project are strong, with historically low vacancy rates and a forecast shortage of new homes,” said Mr O’Donoghue. “Build to Rent is an exciting new element of the Australian property landscape.”
“Like Goldfields House, The Raleigh is well positioned to attract the area’s key demographic.”
The Raleigh will allow residents to make the most of the city’s vivid culture from a home where experience and nature-filled wellbeing are paramount. Architecturally disctinct, the soft sculptural form will provide both sanctuary and community.
Other major project partners include Maxcon Constructions, Webber Design, and Fraser and Partners. Construction on the 4,350sqm site has commenced and is set for completion in Q2, 2026.
