Hines and Cadillac Fairview (CF), the real estate arm of the Ontario Teachers’ Pension Plan, have formed a A$1.5 billion ($960 million) partnership with the capacity to develop and acquire assets in the Australian build-to-rent (BTR) sector.
The partnership’s investment strategy will focus on projects located in vibrant submarkets close to transportation, employment hubs, diverse retail offerings and entertainment centers. The developments aim to deliver tailored amenity offerings which reflect both partners’ strong ESG convictions, both locally and globally. It will be seeded by three BTR development sites.
