Third.i partners with Dexus Fund for The Merewether Residences

Third.i partners with Dexus Fund for The Merewether Residences
Joel Robinson May 5, 2025PROJECT SPOTLIGHT

Third.i has announced a strategic partnership with Dexus’s opportunistic Fund series, Dexus Real Estate Partnership (DREP), for the development of The Merewether Residences in Newcastle

The second fund in the series, DREP2, has entered a joint venture with Third.i to deliver the $300 million, 178-unit retirement village on a one-hectare site at the Merewether Golf Club. The partnership will support Third.i’s vision and delivery of The Merewether Residences as a landmark over-55s community. 

Luke Berry, Director and Co-Founder of Third.i Group said DREP plays a critical role in providing capital funding to support the development.

“This partnership with DREP2 reflects Third.i's reputation and experience as a developer, built on a track record of delivering outstanding projects," Berry says.

"We are excited to continue leading the way in creating vibrant residential communities. 

Development approval has been obtained, and enabling works are underway with construction due to start later this year with completion expected by late-2027. 

Located at the iconic Merewether Golf Club, The Merewether Residences is a luxury over-55s retirement community that integrates resort-style amenities such as a health and wellness space, lap pool, cinema, and a new clubhouse for both residents and golf club members.

Designed by renowned architects Marchese Partners and now overseen by EJE Architecture, the project blends coastal charm with contemporary elegance.

Decode Group was appointed to build The Merewether Residences in late 2024.

Early site works have commenced on The Merewether Residences, with the demolition of the existing greenkeepers shed marking the start of construction. The new clubhouse is expected to open in late 2026, with completion of The Merewether Residences anticipated in late 2027. 

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

Editor's Picks

Beulah’s Brunswick Established draws interstate buyers as VIC sentiment surges
MRCB greenlit for Maris, Southport apartments
Rozelle Village to offer 59 affordable housing units after State Significant Development Application approval
Help to Buy Scheme: What first home buyers in NSW need to know
Construction commences on SOL by Walker in Maroochydore