was also keen to increase its allocation to social and affordable housing, but preferred investing in existing assets rather than greenfield projects, which come with construction risk.Advertisement
Mr Patrick said the fund invested in apartment complexes with long-term tenants in the United States, but he said this asset class was “underdeveloped” locally. Mr Patrick said risk-sharing arrangements through the development phase would make greenfields infrastructure and residential real estate projects more attractive asset classes.HESTA chief executive Debby Blakey said Australia’s superannuation system should be focused on achieving strong, long-term returns for members, but this was not inconsistent with investing in nation building projects.
She said HESTA invested in social and affordable housing, but the federal and state governments needed to remove barriers preventing investment at scale.
the tenants in public housing want cheap rent then they fall behind in arrears They r bad news
Though why let Tassal go?
Surely by law it has to 'stack up on pure investment grounds' or they can expect to be sued. Fund members shouldn't be expected to pay for executives' virtue signalling.
Seems the Australian Dream of fractional home ownership will come true after all.
Can we have the option to opt out from this?
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Source: FinancialReview - 🏆 2. / 90 Read more »