Built Living joint venture – Human Urban

WA-40051

Built Living Holdings Pty Limited (**Built Living**) proposes to acquire 100% of the share capital in H-U Pty Ltd (**Human Urban**) (the **Acquisition**). Built Living is a recently formed joint venture between Wesfarmers Limited and Built Group Holdings Pty Limited (**Built**) that has not yet commenced operations. It was created to establish advanced manufacturing facilities, initially in Western Australia and subsequently in other states, for the development of prefabricated residential apartment buildings. It is intended to ultimately operate as a vertically-integrated property group with capabilities spanning manufacturing prefabricated building products, as well as the construction, development and management of apartment buildings. Human Urban (founded in 2024) is a Perth-based property developer that designs and develops a variety of mixed-use urban precincts and communities across Western Australia. Its development is predominantly focused on residential properties, though it has developed other types of urban projects including commercial, retail, and hospitality spaces.