Aware Super acquires stake in UK build-to-rent developer

Aware Super, Australia’s third-largest superannuation fund, has acquired a 22 percent stake in Get Living, a developer and operator of build-to-rent communities in England. Financial terms were not disclosed.

The seller was Qatari Diar, a real estate investment company established by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. The firm was a founding investor in Get Living.

Get Living has a £3 billion ($3.9 billion) portfolio that spans 4,000 operational homes across three neighborhoods in East Village and Elephant Central in London, and New Maker Yards in Manchester, England. The company has 6,500 homes in its secured-development pipeline.

Aware Super will join existing investors APG and DOOR, a residential-investment vehicle composed of investments from Delancey client funds, Oxford Properties, Alecta, Allianz and LPPI, each of which control a 39 percent stake, according to btr news.

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