Summary:
- AustralianSuper said it aims to become one of the top five operators of rental homes in the UK within five years. Its new platform will create student housing, co-living and residential homes. The decision to launch a living platform in the UK because it belief that there is an attractive investment opportunity.
- The Melbourne-headquartered pension fund has a “strong pipeline of opportunities” and the ambition to deploy funds “at scale” over the next 12 months. Its first investment is a student housing development in Bristol, with contractors already on site, scheduled for completion in 2027.
- The pension fund called the UK a “favoured destination” for living sector investment, with over 80% of investors planning to increase their allocation, according to a Cushman & Wakefield survey.
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