Deutsche backs 414-unit build-to-rent tower in Liverpool

The tower is planned at 34 levels. The outlet says it would be Liverpool’s tallest building if approved, and that it would include a gym and rooftop amenities. Planning approval is expected next year, per the report.

The outlet says the project targets middle-income households, particularly essential workers, with relatively affordable rentals. Real Estate Source also reports that FYVE’s Amen Zoabi said the deal strengthens the group’s standing with institutional investors.

The site sits in the Western Sydney centre of Liverpool. The report places the tower at 22-26 Elizabeth Street and gives the land area as 1.2 hectares.

The numbers

• Units: 414 build-to-rent apartments.
• Height: 34 levels.
• Site: 1.2 hectares.

FYVE managing director Amen Zoabi and business partner Khalil Hafza bought the site in 2014 for about $8 million, the report says.

An earlier scheme for the site, called The Liverpool, was a 35-level mixed-use proposal. Real Estate Source lists it as 193 build-to-sell apartments, a 93-room hotel and about 6,500 sqm of commercial space, and describes it as redundant.

What’s next

Ben Taylor, Deutsche Asset Management’s head of real estate for Australia, said the project is “aligned with its strategy to target the undersupplied mid-market rental sector”, per the outlet. The report says he was appointed to lead the Australian business in February.

According to the report, Deutsche’s residential platform across Europe and North America had over 46,000 units and $22 billion of residential assets at March 2026.

The report cites planning approval as expected next year. It does not give a development application reference or a start date for construction, so neither is stated here.

Related: Parramatta build-to-rent plan at Barrack Lane