With $160 billion of funds under management, the major superannuation business and global investment manager Barings have bought Dickson Village, in the affluent suburb 4km north of Canberra’s CBD.
Dickson Village, which was sold by local developer Tony Pan, has 140 Build To Rent apartments across six storeys which is above the neighbourhood shopping centre and residential car park.
The sale price reflects a circa 6% fully leased forecast yield for the retail centre and BTR apartments.
In August, Aware Super acquired 100% of Brisbane-based Oak Tree Group, which has 31 retirement villages across Queensland, New South Wales, Victoria and Tasmania.
It has committed $1.5 billion to build the fund’s residential portfolio to include 1,250 affordable housing units by 2025. The fund also launched Aware Real Estate in September 2022 to host up to $7 billion in assets within five years and to actively manage its directly owned Australian living, industrial and mixed-use property portfolio.
The SOURCE: Aware Super is committed to invest significantly in affordable housing
