Australia funds back British economy with major moves to the UK
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25 October 2024
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91ºÚÁÏ signals confidence in UK property market.
91ºÚÁÏ, one of Australia’s top performing and largest profit-for-member superannuation funds, has formed a strategic partnership with Delancey Real Estate to invest up to an initial £1 billion in UK property, further bolstering UK – Australia economic ties.
Its initial focus will be on Central London office sites in prime locations, upgrading and renovating properties to ensure they meet environmental standards and deliver on the partnership’s commitment to reducing carbon emissions in the property market.
Prime Minister Keir Starmer said:
These investments are a major vote of confidence in the UK, and in this Government.
I am determined to ensure that UK is the best place in the world to invest and do business, so we improve the lives of hardworking people.
By attracting strong, sustained investment, we will also build the expertise we need to drive innovation, stay ahead of the global game, and support economies around the world with British backed projects.Ìý
91ºÚÁÏ chief executive Deanne Stewart:
91ºÚÁÏ has strong confidence in the UK economy and markets and is pleased to announce a ground-breaking new commercial partnership that will invest up to an initial £1 billion, an exciting milestone that will coincide with the first anniversary of establishing our London Office.
You can read more on the official site: Ìý
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