Fresh Insights

12 Oct 2023

Aware acquires $157.5m mixed use Dickson Village

Canberra – October 11, 2023 –In one of the largest mixed-use transactions this year, Dickson Village has been sold for $157.5 million to Aware Real Estate, the property investment platform for Aware Super and its real estate partner Barings (formerly Altis Property Partners).

This institutional grade, prime mixed-use development reached practical completion in September 2023 and features a defensive and resilient, neighbourhood retail centre anchored by supermarket giant Coles as well as 140 build-to-rent (BTR) apartments designed and developed to meet demand in the very tight Canberra rental market and capitalise on opportunities in the rapidly growing BTR sector.

Dickson Village is situated in the heart of Dickson, an affluent, inner-city suburb just 4 kilometres north of the Canberra CBD. It is surrounded by a range of completed, under construction or approved medium and high-density residential developments and is highly accessible via public transport, being only 400 metres from the Dickson Interchange (light rail and bus).

Aware Real Estate’s CEO, Michelle McNally commented, “This opportunity exemplifies Aware Real Estate’s focused investment strategy to target locations around existing and new infrastructure that we believe drive long-term demand and underpin capital growth. With a real estate portfolio of around $2 billion, we are excited to further expand into the Canberra market with Dickson Village.”

Read the full article here.

Aware Real Estate acknowledges Aboriginal and Torres Strait Islander people as the Traditional Owners of the lands and waters of Australia where we build. Our company, team and partners offer respect to Elders past, present and emerging.