The co-founders of Scape Australia, the country’s largest student accommodation provider, are planning one of the country’s biggest build-to-rent developments yet, a $1.5 billion development in Sydney’s inner west.

The Timberyards project in Marrickville will deliver up to 1000 apartments including 100 affordable units when complete. It is the first project for a residential rental fund established by Scape founders Craig Carracher and Stephen Gaitanos, which is targeting 10,000 apartments by 2030.