Coronation Property starts construction on $2B Erskineville project delivering 1,300 Build-to-Rent homes.

May 22, 2024

Leading Australian developer and builder, Coronation Property Group (‘Coronation’), has officially marked the start of construction with a ‘sod turn’ for the first approved stage comprising six terrace houses, as part of its $2 Billion Erskineville master-planned housing community– one of Australia’s biggest Build-to-Rent (BTR) projects.  

The former industrial site at 155 Mitchell Road will ultimately be transformed into a new lifestyle destination for the inner-city, featuring more than 1,300 BTR residences, of which 200 will be allocated to affordable housing for key workers including nurses, paramedics, teachers, and aged care workers. Coronation has partnered with Evolve Housing, one of the largest community housing providers in NSW and the largest provider of affordable housing to manage the 200 properties.  

The project will be complemented by world class communal amenities and rooftop communal spaces, an activated dining and wellness precinct, curated retail space, public art, a shared pedestrian and cycling pathways and diverse green communal spaces, including the future 7,500sqm ‘McPherson Park’. 

Located just 4km from Sydney’s CBD and close to transport hubs, universities, schools and major hospitals, the Project aligns with the Minns Government’s reforms aimed at delivering new homes in well-serviced urban areas. 

Approximately 8,200 direct and indirect jobs are estimated to be created throughout the life cycle of the Project, based on Housing Australia’s research in which $1 million in construction output supports on average 9 jobs across the economy.  

Today’s event was attended by Lyall Gorman, Evolve Housing Group CEO; Coronation Property’s Executive Team; Project Partners and consultants, with a Welcome to Country and performance organised by the Metropolitan Local Aboriginal Land Council. 

Coronation’s Owner, Joe Nahas, said the team was excited to be ‘turning the first sod’ at Erskineville – the latest addition to its robust pipeline of new BTR and build to sell housing communities to be delivered across the Sydney metropolitan area.  

“This is the first significant milestone to deliver our vision for this multi-stage urban development, we look forward to working closely with the City of Sydney to realise our plans for a vibrant, new neighbourhood, so close to the CBD,” Mr Nahas explained. 

 We are also proud that Coronation is partnering with leading Community Housing Provider (CHP), Evolve Housing, to provide 200 apartments in the precinct as ‘affordable housing’, providing a secure supply of high-quality, discounted rental properties for eligible low-to-moderate income earners, including frontline workers at Royal Prince Alfred and St Vincent’s Hospitals.” 

Evolve Housing Group CEO, Lyall Gorman, welcomed the partnership with Coronation on the Erskineville Project.  

“Today marks a significant step forward to increase the supply of new, affordable housing options for essential workers and low to moderate income earners, who might otherwise find it difficult to afford a suitable rental property in Australia’s most expensive capital city,” Mr Gorman added. 

“Evolve Housing recognises its responsibility to play a role in increasing the supply of affordable housing and we look forward to working together with Coronation to achieve this.” 

Coronation’s stand-alone subsidiary company, Nation, will operate the Erskineville Project, which is slated for completion by 2027. Nation is projected to operate around 2,000 apartments by 2027. 


About Coronation Property Group 

Australian-owned and operated, Coronation Property is a vertically integrated property group, specialising in innovative developments, including luxury mixed-use residential precincts, retail, commercial, build-to-rent and hotels. 

With placemaking at its core, the company brings a fresh perspective to urban precincts – combining deep local knowledge with decades-long industry experience to unlock value for individuals, places, and communities. 

As a diversified property group, Coronation offers end-to-end services across each stage of the property lifecycle, with an embedded role in the future of each place it creates. Collaborating with world-leading architects, designers, and place-makers to create legacy projects that will benefit customers and communities, now and well into the future. 

Coronation is the nationally recognised name behind the award-winning mixed-use residential development The Paper Mill precinct fronting the Georges River in Liverpool, comprising 882 dwellings anchored by a vibrant 1,800sqm dining hub, The Paper Mill Food. Recently completed projects also include mixed use precinct Mason & Main in Merrylands and BTR development Charlie Parker in Parramatta City. 

The organisation has a robust pipeline of mixed-use projects across Greater Sydney, including Ashbury Terraces in Ashbury, 8 Phillip Street in Parramatta, Erskineville Village in Erskineville, and Moore Point in Moorebank. Coronation also has developments in Chatswood and St Peters that are set to launch next year.   

About Nation 

 Nation is Coronation Property Group’s build-to-rent subsidiary focused on creating sustainable, service orientated homes that provide a premium rental experience. With almost 1,500 new apartments in the pipeline over the next 12 months, Nation sets the standard for high-quality, amenity-rich apartments in Sydney’s rental market. 

 Mason & Main. At the heart of the revitalised Merrylands Town Centre, Mason & Main features 434 BTR apartments just 350m from Merrylands station. The development includes an on-site lifestyle and dining precinct, friendly on-site maintenance and resident services team, and furnished apartment options. 

Charlie Parker. Parramatta’s Charlie Parker offers over 123 BTR apartments fully furnished by MCM House. The pet-friendly development is an easy walk to Parramatta’s CBD and public transport networks for easy connectivity. 

Erskineville Village. Nation’s new $1.5 billion Erskineville urban renewal project includes over 1,300 BTR apartments close to education, health and transport hubs and just 4 km to Sydney’s CBD. 

St Peters. Situated at 67 & 73-83 Mary Street, the site has received DA approval for over 200 BTR apartments that will be complemented by 15,000 sqm of retail and commercial spaces.  


About Evolve Housing Group 

Evolve Housing Group (EHG) is a leading community housing organisation, recognised as one of the most innovative, high performing providers of social and affordable housing in Australia. We provide housing solutions to eligible people on very low to moderate incomes who are unable to access appropriate housing in the private market. 

 Entities comprising the EHG are all registered charities, and some entities within the group maintain Deductible Gift Recipient and Public Benevolent Institution status and are a registered Specialist Disability Accommodation (SDA) provider under the National Disability Insurance Scheme. As a ‘profit-for-purpose’ business, we reinvest financial surplus back into social and affordable housing and associated services. 

 EHG recognises our responsibility in supplying fit-for-purpose social and affordable housing, with the aim of increasing housing supply to match the diverse needs of households in housing stress. We deliver high quality housing developments that help build strong communities and provide support programs to empower residents to reach their potential and achieve greater independence. 

 The EHG property portfolio currently consists of over 5,000 social and affordable housing properties that provide homes for more than 11,000 residents living in Metropolitan Sydney, the Hunter region, the mid-north and Central Coasts of NSW, the ACT and Victoria.