AXA IM Alts, SGCH and NHFIC announce strategic partnership to deliver affordable homes in Australia
AXA IM Alts, on behalf of clients for affordable rental housing, has launched its new Australian build-to-rent strategy.
In its first landmark project in Australia, AXA IM Alts will focus on affordable units and market built-to-rent housing at Westmead in Western Sydney through a partnership with St. George Community Housing (SGCH).
AXA IM Alts’ commitment to establish a long-term strategic partnership with leading community housing organizations is supplemented by funding from the National Housing Finance and Investment Corporation (NHFIC), as part of a total umbrella commitment of A$300 million ($202.4 million) from NHFIC aimed to support the partnership in delivering multiple projects, including the first project in Westmead of 350 mixed-tenure social and affordable dwellings.
The Westmead project will be managed by SGCH and delivered by leading NSW developer and builder Deicorp. It is located adjacent to the new Westmead Health and Innovation Precinct, on