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Sign in Sign up for a FREE subscriptionAware Super unveils $4.7b real estate platform
Aware Super, Australia’s third-largest fund, has launched a new A$7 billion ($4.7 billion) real estate platform, Aware Real Estate.
Aware Real Estate actively will manage the fund’s Australian living, industrial, office and mixed-use property portfolio, according to multiple news sources. The group will focus on the build-to-rent sector with the aim of supporting Aware Real Estate’s essential worker-housing program.
Aware Super now has a A$1.7 billion ($1.2 billion) real estate portfolio. With the launch of its real estate arm, the group intends to hold A$7 billion ($4.7 billion) of assets within five years, with an initial focus on the industrial, living and mixed-use property sectors.
“Our focus is on sites close to important urban infrastructure like hospitals, schools and transports, to make sure essential workers can live closer to work and reduce commuting time,” said Michelle McNally, CEO of Aware Real Estate. “By offering discounted rents to
