Aware Super鈥檚 recently created Australian real estate platform seeks to build out a A$7bn (鈧�4.7bn) portfolio within five years.
The Aware Real Estate platform will actively manage the super fund鈥檚 directly-owned living, industrial, office and mixed-use property portfolio.
Damien Webb, Aware Super deputy CIO, told 91传媒在线: 鈥淭he new platform will be an increasingly-important part of our portfolio as we bring more asset management in-house to reduce fees and deliver strong long-term returns.
鈥淲e鈥檙e aiming to increase our internally-managed portfolio across all asset classes to 50% by 2025.鈥�
The platform has been kicked off with a A$1.7bn portfolio of 11 operational assets and a further eight assets in various stages of planning.
Aware Real Estate鈥檚 chief executive officer, Michelle McNally, said: 鈥淎s it stands, industrial property accounts for the majority of our assets under management, and we also have significant investments in other sectors across living, office and mixed-use.
鈥淏uild-to-rent is a key strategic focus. We have 500 apartments in our residential portfolio already, and, with another 1,200 in the pipeline, that number will grow more than threefold in the coming years.
鈥淥ur built-to-rent strategy will support our essential worker housing programme, providing workers such as nurses and police officers with rent at 80% of the market rate.鈥�
McNally told 91传媒在线: 鈥淭his helps us attract reliable tenants with employment stability 鈥� and keep vacancy rates low.鈥�
She added: 鈥淲e鈥檙e certainly open to investing in other sectors where we see good opportunity 鈥� while helping further diversify the portfolio.鈥�
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