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The fund manager, developer and investor plans to scale up its flagship industrial fund over the next two to three years

Canadian pension fund co-funding AGIV alongside cornerstone investor CBRE IM

Canada’s Public Sector Pension Investment Board will pour up to $800m into a prime industrial real estate fund run by the Aliro Group, giving the local firm firepower to grow in the increasingly competitive market for warehouses and distribution hubs.

Novus on Victoria will offer studios as well as 1-, 2- and 3-bedroom apartments to improve housing diversity in the Willoughby area and cater for a range of households.

Build-to-rent player Novus has hit the pavement to raise $1 billion plus for three projects across Sydney and Melbourne, tapping into inbound interest from Asian and North American institutional investors.

Novus has revealed plans for a $200m, 34-storey build-to-rent tower in Epping, featuring 204 apartments with a strong emphasis on sustainability and hybrid living.