As part of the investment, HESTA will seed SHP’s platform to deliver a pipeline of build-to-rent (BTR) affordable housing projects in Victoria. SHP aims to provide innovative solutions to increase the supply of affordable, sustainable BTR housing options, including a mix of social and specialist disability accommodation.
As reported in The Australian, the new model aims to solve the problem of how to deliver low income housing at scale and deliver a return for HESTA’s 950,000 members.
The ABL team was led by partner Ben Mahoney, together with senior associate Ari Bendet and law graduate Stephanie Aitken.
Partner Ben Mahoney congratulated the team at SHP on the transaction: “SHP’s new platform is an innovative solution for the affordable housing market in Australia. We’re delighted to have advised the team at SHP on this significant investment from HESTA, and look forward to watching this important platform’s growth in the future.”
Kris Daff, SHP venture partner commented in HESTA’s announcement: “We welcome HESTA’s significant $240 million initial investment as this commitment demonstrates the value of SHP to large institutional investors seeking real assets, while delivering vital outcomes for Australians struggling to access secure housing.”
To read the full article, click here.
