Australian investors target UK infra

Two major Australian institutional investors have announced plans to allocate billions of pounds into UK infrastructure.

Credit: Aware Super

Pension fund Aware Super has committed to invest £5.25bn (A$10bn) in the UK and Europe through its newly established London office, to add to the £8.84bn it has already invested in the region. 

Its new investments will focus on real estate, infrastructure and private equity, with an emphasis on the energy transition sector, affordable housing, innovation, life sciences, technology and the digital infrastructure sector. 

“We are thrilled to announce our commitment  to the UK, one of the world’s most important and vibrant capital markets, with the opening of our first international office,” said chief executive Deanne Stewart.

Meanwhile, IFM Investors said it intends to invest £10bn over the next four years, focused on large-scale infrastructure and energy transition projects.

IFM will sign a memorandum of understanding with the Department for Business & Trade at today’s Global Investment Summit in London to identify commercially viable opportunities.

“Our presence in the UK continues to grow and we look forward to working closely with the government to drive investment into large-scale infrastructure and energy transition projects across equity and debt funding,” said David Neal, chief executive of IFM Investors.