Aware Super has formed a strategic partnership with London-based Delancey Real Estate, an investment, asset and development manager, to establish a property platform in the United Kingdom that will invest up to an initial £1 billion (US$1.3 billion) in property.

The platform has been established to invest in UK real estate by identifying sectors and assets, with the objective of delivering attractive risk-adjusted returns to Aware Super’s 1.1 million members.

The platform’s initial focus will be on Central London office properties in prime locations, capitalising on strong demand from investors and occupiers for grade A assets amid significant structural and regulatory change in the market and its repricing.

A slowdown in new office developments, catalysed by the COVID-19 pandemic, has created a scarcity of high-quality office space. There is also strong demand from major corporate occupiers to lease the most sustainable and quality offices.

“A key