Cbus Super has entered a partnership with Brookfield Asset Management to invest in technology and innovation relating to the built environment.
CIO Kristian Fok said: 鈥淭he market for emerging technology servicing the built environment is growing rapidly and will accelerate post-COVID, primarily across real estate and construction, transport and logistics, and healthcare.
鈥淭he disruption caused by COVID-19 has rapidly changed the way businesses operate, with increased reliance on technology and innovative business models as more people work from home.鈥�
He added that Brookfield鈥檚 growth technology initiative would 鈥渋nvest in digital transformation of the built environment 鈥� linking technology, innovation and disruption鈥�.
He said: 鈥淭he strategy also supports the broader building and construction industry. This significant investment has a number of benefits, including opportunity to leverage built environment innovation into Cbus鈥� assets.鈥�
The Australian superannuation fund has also teamed up with two co-investors and US-based Capital Dynamics to purchase two solar-energy projects from US company LS Power.
鈥淭his is a significant investment for Cbus, providing our members with strong risk-adjusted returns, underpinned by long-term power purchase agreements with investment grade counterparty,鈥� Fok said.
鈥淭here is also opportunity to optimise the assets alongside the deep experience of the Capital Dynamics management team.鈥�
