Australian superannuation fund, Aware Super has formed a strategic partnership with Delancey to invest up to an initial £1 billion in UK real estate 

Established in 2024, the strategy aims to invest into UK real estate by identifying sectors and assets to deliver attractive risk-adjusted returns to Aware Super’s 1.1 million members.

Initially concentrating on office properties in prime locations in Central London, exploring opportunities in high-quality, undervalued UK retail, logistics, and mixed-use properties, is also part of the partnership’s strategy.

The strategy will focus on sustainability, data-driven decisions and behavioural change, especially as it relates to decarbonisation, and reflect this throughout the lifecycle of an investment, from acquisition to management and divestment.

The partnership aims to acquire stabilised assets, fund development projects, and assist with the recapitalisation of existing capital structures. It will consider single asset, portfolio, and corporate acquisitions.

This deal builds on our existing partnership with Aware Super who already own a 22% stake in Get Living, the UK’s leading owner and operator of large-scale build-to-rent neighbourhoods, which was founded by Delancey.