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Dutch pension fund giant puts $700m into Sydney build-to-rent start-up

Dutch pension fund manager PGGM has committed an initial $700 million to a new build-to-rent platform that aims to develop 2500 apartments across six to eight towers over the next few years – the majority in Sydney.

Apt.Residential was founded by Matt Carolan, the former chief investment officer at Urbanest, which sold its portfolio of student dorms in late 2019 to Scape for $2 billion.

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Larry Schlesinger was a reporter at The Australian Financial Review.

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    Original URL: https://www.afr.com/property/commercial/dutch-pension-fund-giant-puts-700m-into-sydney-build-to-rent-start-up-20240508-p5gj41