Property Initiatives social enterprise builds rent roll for women’s housing

Property Initiatives, a real estate agency that ploughs any profit into a charity developing accommodation for vulnerable women, is counting on partnerships with developers to give it scale. The social enterprise headed by chief executive Jeanette Large opened its doors just over a year ago. It benefited from an early contract with Grocon to manage a handful of apartments in the developer’s 28 Bouverie Street tower on Melbourne’s Swanston Street and is winning business from like-minded private investors, but needs more such tie-ups with larger developers.