3 July 2025
Wingate is pleased to announce it is providing a senior debt facility of $89.6 million to support the construction of 115 high-quality townhouses in Bellfield, Melbourne. This funding partnership with renowned developer Glenvill Developments, builds on Wingate’s track record of partnering with leading developers to deliver important residential projects across Australia.
This investment is driven by Wingate’s proprietary research, which highlights a growing mismatch between the demand for medium-density housing, particularly townhouses, and the available supply in Greater Melbourne. Townhouse approvals have fallen to decade-low levels, despite strong population growth and increasing demand from owner-occupiers and first-home buyers.
Located just 9.5 kilometres northeast of Melbourne’s CBD in the Banyule City Shire, The Fields is ideally positioned to provide affordable, family-friendly housing in a well-connected urban setting. Visit their website for more information: https://thefieldsbellfield.com.au/
Mark Harrison, Managing Director of Property at Wingate, commented: “We are proud to partner with Glenvill on this strategically located project that will deliver high-quality housing to one of Melbourne’s middle-ring suburbs. Addressing the significant shortfall in residential supply remains a key focus for Wingate. We look forward to collaborating with Glenvill to bring this project to fruition, enhancing urban living in Melbourne.”