Super funds look abroad for social housing opportunities
Super funds in Australia and New Zealand are eyeing international social housing investments, but associated risks mean that most investors in the nascent sector still favour opportunities in the domestic market.
Two leading super funds have signalled their willingness to extend recent affordable housing investments beyond Australia and New Zealand, despite the associated risks as well as the risks presented by the asset class more widely.
Following its first investment in March in a sector beyond Australia, Bevan Towning, head of property at AustralianSuper, the country’s largest super fund, told AsianInvestor the fund was interested in adding to its international affordable housing inves…
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