Australia’s Top Pension Fund Commits £500 Million to UK Housing

AustralianSuper, the country’s largest pension fund, has committed an initial £500 million ($672 million) to launch an investment platform for UK housing, part of a drive to expand its portfolio of British assets.

The UK Living platform aims to become one of the country’s top five rental home operators within five years and has already made its first investment — a student housing development in Bristol, according to a statement Monday. The platform will target student accommodation, co-living spaces and rental homes across the UK.