// News
Japanese Investment Partnership to Deliver District Living in Melbourne’s Docklands
AsheMorgan, together with Marubeni Corporation, Haseko Corporation and Mizuho Leasing, has entered into a partnership to deliver District Living, a new build-to-rent project located within Melbourne’s Docklands precinct.
Situated alongside The District Docklands, the project will form part of AsheMorgan’s broader mixed-use urban precinct, extending the retail, dining and entertainment offering while introducing a new residential community. District Living will include a mix of studio, one-, two- and three-bedroom residences, dual-level apartments, and extensive resident amenity including a wellness centre, gym, plunge pool, sauna, steam room, sky terrace and ground-floor retail.
For Marubeni Corporation, one of Japan’s largest trading and investment companies, District Living represents its first investment in Australia’s build-to-rent sector. The collaboration with AsheMorgan, Haseko and Mizuho Leasing reflects growing participation by Japanese institutional investors in Australia’s residential rental market, underpinned by population growth, urban renewal and strong demand for long-term rental housing.
Mendy Moss, Principal at AsheMorgan, said the partnership marked an important milestone for both the project and the wider build-to-rent sector in Australia.
“District Living brings together complementary experience and long-term capital to deliver high-quality, well-located rental housing. This collaboration reflects a shared confidence in Melbourne’s growth and the Docklands’ evolution as a mixed-use residential and lifestyle precinct.”
Completion of Stage One is targeted for 2027.
About District Docklands and District Living
District Living adjoins The District Docklands, a 10-hectare mixed-use precinct owned and managed by AsheMorgan, which continues to evolve through ongoing retail, entertainment and residential development. Together, the two projects represent one of Melbourne’s largest urban regeneration initiatives.
For more information about AsheMorgan’s residential BTR platform or capital partnership opportunities, please click here to get in touch with our team.