The project forms part of a broader partnership between Novus and M&G to deliver high-quality Build-to-Rent housing across Australia.
Positioned within Chatswood’s vibrant urban heart, the ~A$300 million development sits alongside major lifestyle and retail destinations – including Westfield, Chatswood Chase and the Concourse Arts Precinct – and offers direct links to the Chatswood Transport Interchange, for seamless access to buses, trains and the metro. Residents will also enjoy nearby open spaces and a wide selection of local schools.
Designed by Rothelowman, Novus on Albert will comprise 199 purpose-designed BTR apartments across 27 storeys. The tower has been thoughtfully designed to maximise natural light, amenity and privacy, while capturing panoramic views over the Lane Cover River to the west and Sydney’s CBD to the south.
Novus on Albert will offer studios, one-, two- and three-bedroom apartments, along with a pool; wellness areas including sauna and cold plunge; co-working spaces; a rooftop lounge and outdoor terrace; a variety of dedicated resident amenities and ground-floor retail, all underpinned by a focus on wellbeing, convenience and exceptional service.
The appointment of Binah marks a significant milestone for the project, which now transitions into its construction phase, progressing toward the next stage of delivery. Novus Co-founder and Chief Development Officer, Jason Goldsworthy, said;
“Partnering with Binah to deliver Novus on Albert in Chatswood is significant, and we are thrilled to be working alongside their very accomplished team to bring the project to life.”
“This is the first E2 Zoned BTR development in Sydney to commence construction. Not only was it one of the first to be approved under the State Government’s strategic housing stimulus initiative, but it’ll also be the first to get out of the ground, which we’re extremely proud of.”
Binah's Managing Director, Khalil Hafza, said;
"Novus on Albert is a fantastic project to be part of, and we're proud to be delivering it alongside Novus and M&G. BTR is a sector we're increasingly active in, and partnering with a team as focused and fast-moving as Novus makes it easy to be excited about what's ahead."
"With early works now underway in Chatswood, we're focused on delivering a building that matches the quality and ambition Novus is known for. We look forward to growing this partnership as their pipeline continues to expand."
Early site works and demolition are now underway, with completion anticipated for mid-2029.
Novus on Albert is one of three BTR projects being delivered by the Novus Build-to-Rent Trust where M&G Real Estate’s flagship core Asia Pacific property strategy holds a 95% majority interest, with Novus as development and operating partner. The other two projects being Novus on Sturt in Southbank and Novus on Harris in Parramatta.
