Icon Secures Indi Footscray Build to Rent Project in Landmark Partnership

The development, situated adjacent to Footscray train station, will bring 702 Build to Rent (BTR) apartments to Melbourne’s inner west across three towers of 19, 16 and 8 storeys. Residents will benefit from 275 car parks and a suite of premium amenities, including a gym, co-working spaces, private dining areas, resident lounges, games zones, and even a rooftop basketball court – all designed to foster a vibrant and connected community. 

Speaking about the significance of the project, Icon VIC Director, Al Munro, said: 

“Icon is proud to play a role in assisting bringing Investa’s vision to life – creating not just homes, but a rental experience that puts residents first. We’re pleased that Investa has entrusted us to bring a project of this scale and significance to completion. The project aims to meet high sustainability and ESD benchmarks while setting a new standard of renting in Victoria.” 

Indi Footscray is Investa’s second BTR development in Melbourne under the Indi Living platform, and its third nationally, following the opening of Indi Sydney in late 2024. Indi Southbank in Melbourne is set to welcome its first residents in late 2025, further expanding the platform’s footprint. Investa is developing the Indi Footscray project on behalf of owners, Oxford Properties Group.  

Icon will deliver the project alongside Essence Project Managers and SJB Architects. At a time when market certainty is more important than ever, Indi Footscray exemplifies the power of trusted partnerships and a shared vision for shaping resilient communities. With a focus on ‘renting built around you,’ Indi Footscray redefines the rental experience, placing residents at the heart of design, service, and lifestyle, while playing a role in addressing housing affordability by expanding Australia’s rental stock through BTR developments – an innovative model that has the potential to continue to grow and strengthen the nation’s housing supply over time. 

Delivery Partners:

• Investa – Commercial Real Estate & Property – Build To Rent – Investa
• Oxford Properties – Global real estate investor, developer, and manager | Oxford Properties
• Essence Project Management – Home – Essence Project Management
• SJB Architects – SJB
• Innovis – Structural & Civil Engineers | Innovis
• NDY – Home – NDY
• Egis Group – Egis – Creating a sustainable future
• McKenzie Group – Home – McKenzie Group Consulting
• ADP Consulting – ADP Consulting | Home
• Efficiency Matrix – Efficiency Matrix: Airtightness and Building Envelope Specialists
• Meld Strategies – Meld Strategies
• One Mile Grid – Traffic Engineering | Transport Engineering | Waste Management – onemilegrid
• Vipac – Vipac – Home
• Slattery – Shaping Australia’s built environment with certainty. Quantity Surveying Slattery Australia – Slattery
• Urbis – Urbis | Shaping Cities and Communities