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Rich Lister Tim Gurner raises $2b for Sydney build-to-rent push

Rich list developer Tim Gurner and real estate financier Qualitas have secured a $2 billion capital injection from an offshore institutional investor to drive the growth of their build-to-rent platform, as they look to expand its presence in Sydney.

The blockbuster raising for the second fund under the GQ Multifamily Build-to-Rent platform follows the joint venture partners securing $1.2 billion of equity investments for the first fund, including a cornerstone backing from a sovereign wealth fund.

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Larry Schlesinger was a reporter at The Australian Financial Review.

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    Original URL: https://www.afr.com/property/residential/rich-lister-tim-gurner-raises-2b-for-sydney-build-to-rent-push-20230221-p5cm9a