Aware Super and Delancey Real Estate have teamed up to invest 1 billion pounds ($1.3 billion) into UK property, targeting high-end offices in central London.
Aware Super, Australia’s third-largest pension fund, and Delancey will also look at retail, logistics and mixed use properties, according to a statement Friday. The deal adds to Aware’s existing 22% stake in build-to-rent provider Get Living, which was founded by Delancey.