12 October 2023
Aware,Barings secure prime retail and BTR development in Canberra for $157.5m
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).
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).
Barings’ Executive Director, Shaun Hannah commented,
“Barings is pleased to continue its partnership with Aware Real Estate through the sourcing of a high-quality mixed use residential and retail asset that will benefit from significant gentrification and infrastructure investment including recently completed rail infrastructure.”
Thank you to James Douglas, National Retail Director CBRE for brokering this transaction.
Read the full press release here.
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