PGGM targets Australia build-to-rent in global residential push
Dutch pension fund manager PGGM plans to allocate 30-35% of its global portfolio to residential assets. Australia's burgeoning build-to-rent (BTR) sector is set to receive a huge chunk of this allocation.
PGGM, one of the Netherlands' largest pension fund managers, has unveiled an ambitious plan to significantly increase its exposure to Australian residential real estate, with a particular focus on the country's build-to-rent (BTR) sector.
This strategy, which aims to maintain a 30-35% portfolio allocation to residential assets, was revealed by Ronald Bausch, senior investment manager for Private Real Estate at PGGM.
The move signals a further significant potential influx of i…
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