The National Pension Service of Korea (NPS) has partnered with Scape Australia in a A$700 million ($434.3 million) commitment for a suite of living sector investment strategies, according to Mingtiandi.
The NPS’s commitment covers purpose-built student accommodation and build-to-rent projects. It will be operated under a separate management company, Rent-to-Live Co, established by Scape Australia principals Stephen Gaitanos and Craig Carracher in 2023.