Barings and Aware Super buy build-to-rent development in Canberra
Aware Real Estate, the property investment platform for the A$160 billion ($102 billion) Aware Super, and its real estate partner Barings, have acquired Dickson Village A$157.5 million ($100 million).
The seller was TP Dynamics.
The mixed-use development features a neighborhood retail center anchored by supermarket giant Coles and Liquorland as well as 140 build-to-rent apartments over six stories above neighborhood retail center on ground level and the residential parking spaces on Level 1. There are 10 other tenants in the foods and services sector
Dickson Village is located in the heart of Dickson, an inner-city suburb just 4 kilometers (2.5 miles) north of the Canberra CBD.