The A$400 billion (US$261 billion) AustralianSuper has created a new UK Living platform, with an initial £500 million (US$657 million) of investment.
The new platform will target investments in the UK living sector, with a strong pipeline of opportunities and the ambition to deploy funds at scale during the next 12 months. The platform aims to become one of the top five operators of rental homes in the UK within five years.
The platform seeks to create institutional-grade living accommodation encompassing student, co-living and residential homes, and builds on AustralianSuper’s experience investing in housing globally. It aims to deliver an exemplary customer experience that responds to today’s demand trends for flexible, mixed-living communities, twinned with greater connectivity between higher education, innovation and industry.
The platform’s first investment is a student housing development in Bristol, England, with contractors on site and a target
