Ontario Teachers, Hines buy two BTR projects in Brisbane for $350m

Michael BlebyDeputy property editor

Oct 1, 2024 – 12.21pm

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The Ontario Teachers’ Pension Plan board and investment manager Hines have extended their exposure to Australia’s growing build-to-rent sector with the acquisition of two Brisbane assets in a deal worth $350 million.

The $256 billion Canadian pension fund and the US-based real estate investment manager have acquired an existing 89-unit building in Fortitude Valley and an under-construction 265-unit building in South Brisbane from privately owned Adco Group.

Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne.