In November 2021, Lighthouse Infrastructure and SGCH announced a landmark partnership agreement to invest in the provision of Key Worker Accommodation via SGCH Keys, a registered charity and subsidiary of SGCH Group. The agreement involves an investment in 85 completed residential apartments located in Westmead, Western Sydney, NSW. The apartment site is located within the greater Westmead hospital precinct which is home to a number of major hospitals, schools and university campuses and is well served by key amenities including public transport links, retail and recreation facilities.
More recently, in November 2022, Lighthouse Infrastructure and SGCH made a second investment in Key Worker Accommodation via SGCH Keys. This second investment consists of 76 newly completed residential apartments located in Parramatta, Sydney, NSW. The apartment site is located within close proximity to Parramatta train station, Westfield, CommBank Stadium and Parramatta Park. It is within 3km of Westmead Hospital and provides easy access to multiple schools and tertiary education facilities.
Lighthouse has financed the acquisition of the properties and the tenancies are being managed by SGCH, with key worker tenants meeting the criteria of low to moderate income bands, and working in designated sectors including emergency services, health, education and related sectors. Rents are charged at a maximum 75 per cent of market rates to key workers such as hospital workers and teachers unable to afford accommodation in the area.
SGCH is a leading not-for-profit community housing provider with over 35 years’ experience in developing and managing sustainable, safe and affordable homes and connecting people to opportunity. Recognised as one of the largest community housing providers in Australia, SGCH houses around 11,500 people in over 7,000 homes across the Sydney Metropolitan Region.
