* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

PGGM and Australia’s Apt.Residential Tie Up for $1B Aussie BTR Venture

May 16, 2024
in Technology
PGGM and Australia’s Apt.Residential Tie Up for $1B Aussie BTR Venture
Share on FacebookShare on Twitter

Matt Carolan, Apt.Residential co-founder and managing director

With Australia’s rental housing market facing a surge in demand on the back of population growth and tight supply, Dutch pension giant PGGM is backing an A$1.5 billion ($1 billion) bet on the country’s burgeoning apartment market.

A property fund managed by Netherlands-based PGGM has formed a partnership with Sydney-based BTR investor, developer and operator Apt.Residential to build a portfolio of rental residential properties in Australia, with the pension investor having made a “substantial” initial commitment to the A$1.5 billion strategy.

“We are delighted to have formed a long-term partnership with Apt.Residential,” Ronald Bausch, PGGM’s senior director of Asia Pacific private real estate said in a joint release on Tuesday. “PGGM Private Real Estate focuses on forming strategic partnerships with experienced teams. Investments are well chosen in a sector where specific building and related location selection are paramount in generating attractive returns. Apt.Residential’s focus on delivering sustainable housing at a time when it’s clearly needed is very important for PGGM.”

The partnership, which will initially focus on the Sydney market, is being announced after investment in Australia’s multi-family sector nearly doubled last year to $2 billion in trades of income-earning assets, ranking the country second only to Japan among Asia Pacific rental housing markets.

2,500 Premium Units

The partners are preparing to confirm their first two projects, both of which are in Sydney, with one already under construction. The two developments are part of the partnership’s first phase, under which they aim to develop more than 2,500 units.

Ronald Bausch, PGGM’s senior director of Asia Pacific private real estate

PGGM is investing in the open-ended partnership through PGGM Private Real Estate Fund, the pension investor’s global non-listed property investment vehicle, which managed €20 billion in global assets as of October. PGGM, which manages the pension programme for the Netherlands’ health and welfare sector, oversaw €245 billion of assets under management globally as of March.

“PGGM’s long-term commitment to Apt.Residential reflects their confidence in the experience of our people and our Sydney-centric business strategy and the future of build-to-rent residential real estate in Australia,” said Apt.Residential co-founder and managing director Matt Carolan. “We’re also aiming to deliver a positive contribution to Australia’s well documented housing shortage.”

The upcoming apartments, described by the partners as “premium grade,” will be managed and operated by Apt.Residential on a long-term basis upon completion. The partners are also incorporating sustainability elements into the properties’ design and operations, and are targeting to attain a 5-star certification under Australia’s Green Star regime for sustainable buildings, a 7+ star energy efficiency rating under the country’s Nationwide House Energy Rating Scheme (NatHERS), and net zero operations through 100 percent renewable energy.

Launched in 2022 by Carolan and five other co-founders, Apt.Residential aims to leverage the management team’s two-decades of investment, development, design and construction experience across the Australian, UK, and Southeast Asian living sectors. Carolan had previously served as head of development and chief investment officer for the Australian business of UK student accommodation provider Urbanest, which was acquired in 2020 by Scape, Australia’s largest student housing owner and operator, in a deal valued at over A$2 billion.

Investors Pile In

Australia’s BTR sector has been attracting institutional capital as population growth, rising home ownership costs, and growing acceptance of leased housing as a long-term solution continue to drive up rental demand. Australia saw net inbound migration of 518,000 people in the first half of 2023, more than double the figure for the same period in 2019, according to the Australian Bureau of Statistics.

The elevated housing demand has led to a surge in rents, with average asking rates for 2-bedroom apartments in Sydney and Melbourne having jumped 38.5 percent and 21.2 percent respectively from 2020 to 2023, according to JLL.

PGGM is the latest Dutch investor to bet on the Aussie rental housing sector, with compatriot pension manager APG Asset Management having teamed up with Canadian pension investor Ivanhoe Cambridge last month to form a A$1 billion student housing joint venture with Scape. APG, which along with Amsterdam-based real estate investment firm Bouwinvest was an early investor in Scape’s Australian business, teamed up with Bouwinvest again last year to form a A$1.5 billion BTR partnership with Scape’s principals.

Last month, a real estate affiliate of Japan’s Sumitomo Corporation formed a A$1.2 billion joint venture with Brisbane property firm Cedar Pacific to develop rental housing in Australia. That venture came two months after Local Residential, the Australian build-to-rent platform backed by Macquarie Asset Management, reached a final closing for its inaugural fund, which received committed capital from a large North American pension fund.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/finance/pggm-apt-residential-form-1b-aussie-btr-partnership/

Tags: Australia'sResidentialtechnology
Previous Post

ESR to Build 60MW Tokyo Project as Fourth Japan Data Centre

Next Post

SSE vs. SASE: Which One is Right for Your Business?

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

June 27, 2025
NBA Draft 2025: Did the Hornets reach for Kon Knueppel? And why the Spurs did the right thing with Dylan Harper – Yahoo Sports

NBA Draft 2025: Did the Hornets Overreach for Kon Knueppel? Why the Spurs’ Pick of Dylan Harper Was a Brilliant Move

June 27, 2025
Fossil evidence of proboscidean frugivory and its lasting impact on South American ecosystems – Nature

Fossil evidence of proboscidean frugivory and its lasting impact on South American ecosystems – Nature

June 27, 2025
Distrust in public-health institutions is not just an American problem – The Economist

Distrust in public-health institutions is not just an American problem – The Economist

June 27, 2025
Cuts to federal science spending will cost every American – University of California

Cuts to federal science spending will cost every American – University of California

June 27, 2025
CCTA Bests CV Risk Scores for Bolstering Lifestyle Changes, Medication Uptake – TCTMD.com

CCTA Bests CV Risk Scores for Bolstering Lifestyle Changes, Medication Uptake – TCTMD.com

June 27, 2025
TIFF announces first wave of World Premieres! – TIFF – Toronto International Film Festival

TIFF announces first wave of World Premieres! – TIFF – Toronto International Film Festival

June 27, 2025
With no end to war in sight, Ukraine’s economy teeters on the edge – The Washington Post

Ukraine’s Economy on the Edge as Conflict Shows No End in Sight

June 27, 2025
A typical workday for freelancer Ashley Abramson – Association of Health Care Journalists

A Day in the Life of Freelancer Ashley Abramson: Inside Her Dynamic Workday

June 27, 2025
‘This is not a luxury’: Families in Trump states agonize over GOP’s proposed Medicaid cuts – CNN

Families in Trump States Face Hardship Amid GOP’s Push for Major Medicaid Cuts

June 27, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (699)
  • Economy (719)
  • Entertainment (21,613)
  • General (15,586)
  • Health (9,758)
  • Lifestyle (724)
  • News (22,149)
  • People (721)
  • Politics (726)
  • Science (15,937)
  • Sports (21,216)
  • Technology (15,704)
  • World (699)

Recent News

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

June 27, 2025
NBA Draft 2025: Did the Hornets reach for Kon Knueppel? And why the Spurs did the right thing with Dylan Harper – Yahoo Sports

NBA Draft 2025: Did the Hornets Overreach for Kon Knueppel? Why the Spurs’ Pick of Dylan Harper Was a Brilliant Move

June 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version