Listed real estate group to fund project in Melbourne led by developer PDG. : Mirvac is to acquire 490 completed build-to-rent apartments on the fringes of Melbourne’s central business district for A$334m (€207m). It is the first Australian listed real estate group to commit to the nascent sector, having already begun to build rental apartments in Sydney. Foreign investors Abu Dhabi Investment Authority and US multifamily developers Sentinel and Greystar, in a joint venture with Macquarie Capital, have also entered the market.