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Investors - SEPTEMBER 16, 2020

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Aware Super buys into European serviced apartments

by Andrea Zander

Aware Super, the rebranded First State Super, has teamed up with Dutch pension powerhouse APG to take a controlling stake in a European serviced apartment operator, City ID, an Amsterdam-based apartment-hotel chain, reported Australian Financial Review.

The joint venture will finance €500 million ($592 million) to the apartment-hotel chain in the next four years.

 

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