Smith Street BTR Project

A consortium of Tetris Capital and Community Housing Limited, has been selected by the Western Australian Housing Authority to undertake the redevelopment of the Smith Street site just outside of the Perth CBD.

The consortium  is undertaking the redevelopment of the former public housing site into Western Australia's first public/private Build-to-Rent (BTR) project with ongoing tenancy and property management to be undertaken through a 52-year ground lease once complete.

The Smith Street BTR Project will be undertaken in three stages:

• Demolition and preparation of the site

• Construction of the development

• A ground lease for tenancy and operational management of the residential development.

The redevelopment of the site will deliver 109 new apartments in a mix of social housing and affordable rentals and will see the development of a new urban community close to major public transport hubs and local amenities.

This is a pilot project for Western Australian government under a Built-To-Rent lease model they wish to replicate on future sites. Tetris is at the helm of this transformation which addresses housing supply in partnership with government.