AustralianSuper, Australia’s largest superannuation fund, has today announced the creation of a new U.K. Living platform, with an initial £500 million ($671 million) of investment.
The new platform will target investments in the U.K. living sector, with a strong pipeline of opportunities and the ambition to deploy funds at scale over the next 12 months. The platform aims to become one of the top five operators of rental homes in the United Kingdom within five years.
The platform seeks to create institutional-grade living accommodation encompassing student, co-living and residential homes and builds on the fund’s experience investing in housing globally. It aims to deliver an exemplary customer experience that responds to today’s demand trends for flexible, mixed living communities, twinned with greater connectivity between higher education, innovation and industry.
The platform’s first investment is a student housing development in Bristol, with contrac
