The South Korean pension giant's real estate division has launched a strategic partnership with Australian residential specialist Scape to drive growth in PBSA, Build-to-Rent, and emerging living sectors across the Asia-Pacific region.
Dutch pension fund manager PGGM plans to allocate 30-35% of its global portfolio to residential assets. Australia's burgeoning build-to-rent (BTR) sector is set to receive a huge chunk of this allocation.
Cadillac Fairview and Ivanhoé Cambridge are among a slew of high-quality institutions investing in build-to-rent multifamily assets in Australia, as tenant demand continues to grow in the country.