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CENTURIA BASS FINANCES $71.9M AFFORDABLE HOUSING
CONSTRUCTION PROJECT IN GEELONG, VIC
November 2024
Centuria Bass is funding the development of an affordable housing complex in Geelong CBD at an LVR of 73.5%, set to contain 117 apartments. Geelong continues to experience significant growth, with rising demand for affordable housing driven by both a growing population and ongoing urban development. With a GRV of $71.9m, the project is being delivered by a repeat borrower of CBC’s who has demonstrated a track record of successful projects including previous affordable housing. This development offers a compelling opportunity to deliver essential housing stock in a thriving regional market.
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