Aware Real Estate

This week the Aware Real Estate team, together with our partners Aware Super and Barings Real Estate Australia marked a major milestone in our residential development pipeline - celebrating the groundbreaking of not one but two BtR projects in Melbourne, bringing over 726 apartments to the people of Preston and Queens Rd combined. The launch of the projects comes as Melbourne’s rental vacancy rate sits at a record low, below 1%, with a surge in migration helping to fuel intense demand. Aware Real Estate Chief Executive Michelle McNally said, “This is a city crying out for more housing and we’re answering the call. Our projects are in areas of strong demand, supported by important infrastructure, key transport links and sought-after amenities.      “At all our sites we aim to foster connected communities, attracting a broad range of residents to create great places for people to live, and these developments will be no exception.” Thank you to CEO Deanne Stewart and CIO Damian Graham of Aware Super, together with Hon. Sonya Kilkenny, Minister for Planning Victorian Government, Louise Crawford, Deputy Mayor @Port Philip and Alastair Wright, Head of APAC Barings for celebrating this special occasion with us. It is wonderful to have your support, as noted by Minister Kilkenny, “We know we need more homes built where people want to live and that's exactly what Aware Real Estate are delivering – building hundreds of rental homes close to jobs, transport, schools and essential services.” We also thank Uncle Mark and Uncle Colin for your welcome to country and openly sharing your thoughts on how we can collaborate with First Nations People on these projects, through celebration of art and landscape design and genuinely listening with empathy on how we can work together. Thank you also to our builders Hickory at Queens Rd and Kapitol Group at Preston for your support to date in achieving this milestone. We now look forward to these projects coming out of the ground. See the full press release on our website, https://lnkd.in/g_NH7sJA #Awarerealestate #realisemore #BtR #residentialdevelopment #Melbourne Michelle McNally Gareth Sneade Yasmin Booker MRICS Tracey Whitby Emma Thomas Pete Carstairs

Aware Real Estate, together with our JV Partner Frasers Property Industrial, and our development partner Barings Real Estate Australia, officially warmly welcome Techtronic Industries - TTI to The YARDS. This premium new building of 74,056sqm is the largest warehouse in NSW ! It is great to see our first tenant cut the ribbon and settle into their new home. #awarerealestate #realisemore #industrial #realestate #theyards

Introducing Emma Thomas, Head of ESG at Aware Real Estate. Emma is responsible for ESG strategy, management and performance, as well as taking carriage for Health, Safety and Environment (HSE). Emma has 20+ years’ experience in ESG integrated strategy, risk management and governance for Real Estate working in Australia, USA and the UK. Emma has delivered Climate Transition Plans, and Responsible Investment Strategy working within ASX organisations and earlier in her career consulting to major companies to drive leading ESG performance in real estate. Previously Emma held roles as Group Environmental Sustainability Manager at Stockland and as Director of Sustainability for Property and Investment at Lendlease Americas, where she lead the delivery of environmental and social outcomes across portfolios aligned to net zero emissions reduction pathways. Emma shares, "I’m excited to be a part of a growing business that is committed to delivering both positive environmental and social outcomes for the community in combination with strong returns for Aware Super's 1.1 million members. I’m looking forward to contributing to the growth of our culture and capability to deliver on our purpose." Welcome to the team Emma ! Connect with Emma directly, https://lnkd.in/gZXeAPGW #awarerealestate #realisemore #growingteam

Together with our JV partner Frasers Property Industrial, we warmly welcome our first tenant customer Techtronic Industries - TTI to The YARDS. TTI is a fast-growing world leader in Power Tools, Hand Tools, Accessories and DIY products across a broad customer base. TTI are dedicated to improving lives of homeowners and tradespeople around the world, making them a perfect fit at The YARDS, Australia’s new home for industrial innovation. This distribution facility of 74,056sqm has been built- to suit TTI’s specifications and includes state-of-the art technology of a Very Narrow Aisle (VNA) racking storage, a goods-to-person automated mini-shuttle system together with drive-around truck access. The building includes 1,028sqm quality office space, landscaped outdoor breakout areas and car parking for 280 cars. With The YARDS recently being awarded Australia’s first and highest possible 6 Star Green Star Communities v1.1 rating from the Green Building Council of Australia, this new facility for TTI also underpins our commitment to sustainable practices and processes.   Vertical green walls, energy efficient lighting and a 500kW rooftop solar installation are just a few examples of our work in action at this facility to target a 6 Star Green Star Design and As-Built v1.3 rating. Thank you to our development partners Barings Real Estate Australia and builder Hansen Yuncken for bringing this development to life. View this project on our website. https://lnkd.in/gHpaiH4s #awarerealestate #realisemore #industraildevelopment #theyards 

Aware Real Estate is delighted to announce the acquisition of a recently completed premium industrial property located at Eumemmerring Business Park, Dandenong South. Located at 10-36 Abbotts Road, Dandenong South, the property consists of a substantial 6.4-hectare site with a GLA of 30,500 sqm over 4 tenancies. With the modern warehouses only recently completed in June 2023, each facility offers high clearance, multiple loading bays, internal offices, and on-site car parking, ensuring functionality and quality for tenant occupiers. The property offers a diverse and stable income profile, from 4 tenants across a range of industries Natec Network (formerly Gold Peg), WAM Australia®, Zipform Packaging and PC Case Gear. Sustainability plays an important part of Aware Real Estate’s investment strategy. The retention of 20 existing mature native trees, the adaptive re-use of an existing 1,748sqm office building, onsite amenity (café), together with the 5 Star Green Star Buildings v1 certification, highlights our commitment to environmental excellence and ensuring occupiers have a great place to work. Michelle McNally CEO Aware Real Estate says, ‘This acquisition within the sought after south-east Melbourne Market, aligns with our investment strategy of investing in large scale prime industrial and logistics properties within core precincts along the Eastern seaboard. We are thrilled to expand our presence into Victoria and build productive relationships with our new occupiers in their new space.‘ See more on our website, https://lnkd.in/gWDeABk3 #Awarerealestate #realisemore #industrial #melbourne Michelle McNally Tracey Whitby Edwin Cheung, CFA Pete Carstairs Zak Felton Gareth Sneade Josh Browne April P. Serena Yu Yasmin Booker MRICS

Thank you to the Property Council of Australia for hosting the Industrial and Logistics Outlook last week where many great insights were shared. Keynote speaker Gavin Bishop from Colliers confirms the industrial and logistics sector will continue to be the preferred asset class for 2024, displaying robust performance for both local and global investors. The outlook for the sector this year is very positive: ➡ The industrial and logistics sector will rebound in 2024, demonstrating its resilience ➡ The sector will continue to outperform office and retail ➡ Leading to further re-weighting and investment ➡ Rental growth will continue at high single digits nationally The panel discussion including our very own Michelle McNally, CEO Aware Real Estate, together with Charlotte Brabant, Head of Investments Australia Realterm, Brandon Carter, Director KKR, Gavin Bishop, Managing Director Colliers and moderated by Paige Muggeridge, Principal Blackstone, each shared valuable expertise on a range of industry topics. From occupiers absorbing significant rent increases, to the need for government to provide well-located services to support this sector growth and planning controls continuing to be a bottle neck for developers, no stone was left unturned during this discussion. Thank you to event sponsors Women in Industrial (WIN) and Ethos Urban. Read more on our website https://lnkd.in/gphhHZch #Awarerealestate #realisemore #industrialandlogistics #longterminvestment

Aware Real Estate is delighted to have celebrated the ground breaking ceremony of a major BTR housing development in inner Sydney. Adding to the city’s much-needed housing supply, this project solidifies our position as one of Australia's significant build-to-rent (BTR) developers. The Zetland development will feature 135 apartments, a communal open space on the ground level, a gym, a resident lounge, music room and rooftop barbecue area. Thank you to our special guests Deanne Stewart, CEO Aware Super, Damian Graham, CIO Aware Super, Clover Moore AO, Lord Mayor, City of Sydney, The Hon. Rose Jackson, Minister for Housing NSW Government, Brendan Kerin,Metro Local Aboriginal Land Council, Duncan Robertson, Head of Asia Pacific Barings, Alastair Wright, Head of Asia Pacific Real Estate Barings and our MC Warwick Dowler Head of Residential Barings. Michelle McNally, CEO of Aware Real Estate, expressed her enthusiasm for the Zetland development, 'This site ticks every box for us. It’s a highly desirable location, a short walk from key transport services including Green Square Station and it’s close to other important urban infrastructure and major employment hubs. Shops and other key amenities are also within easy walking distance, and it’s less than 5km from Sydney’s CBD and Sydney Airport.' 'In short, it’s an ideal addition to our portfolio – a development that will prove popular with residents while offering excellent prospects for growth, helping us in our aim to deliver stable long-term returns for Aware Super members.' Deanne Stewart, CEO Aware Super notes, ‘This development is a wonderful example of how Aware Super can and does play an important role in providing such crucial infrastructure at the same time as we aim to deliver strong risk-adjusted returns for our 1.1 million members.” Investment manager Barings is playing a pivotal role as development manager at Zetland. Thank you also to our project team who have been pivotal in getting this project under way. Architect WMK Architecture Project Manager Essence Project Management Head Contractor BINAH Stay tuned for more projects across five additional sites in Sydney and Melbourne as we continue to meet the demand for modern rental housing solutions. Read more about this project on our website https://lnkd.in/gGHf8m_a #AwareRealEstate #Realisemore #BuildToRent #residentialdevelopment  

Kathryn House, Head of Corporate Affairs CBRE recently caught up with Michelle McNally, CEO Aware Real Estate on the Talking Property Podcast. In this podcast, Michelle shares her views on the best property market opportunities for 2024 and the areas for ripe transformation. The challenging forces of 2023 led us to elevated levels of uncertainty in the market including rising interest rates, sticky inflation, unsettling geopolitical risks and a concerning US banking system. On a local level, rising construction costs led to many insolvencies, whilst infrastructure spend and increased taxes brought greater instability. However, on the back of these challenges, 2024 presents many opportunities for the property and construction industry. With valuations adjusting there is opportunity for realistic price transactions to flow, particularly in the industrial sector, offering better returns without the development risks. Michelle sees good tail wins in the residential sector due to higher migration levels and economic growth, while pricing has been held up in certain parts of the retail market. The big themes for the future of the industry are all around AI which will change how we work, shop and live. Ultimately, we need to think about the occupier and what this means for them. Michelle’s observation is that these will be big forces in the property industry over the next 5-10 years, both at the asset level and sector level. Many of these changes will affect all property companies (who are admittedly sometimes slow to evolve), AI will be a transformative force within all our organisations. It is exciting how this will evolve in 2024 ! Listen to the full episode at the link below. #AwareRealEstate #Realisemore #2024propertypredictions #AI

We are pleased to introduce Pete Carstairs as Head of Investments and Capital Transactions for Aware Real Estate.   Pete is responsible for the oversight of the investment portfolio strategy and performance, and leading the Capital Transactions team sourcing opportunities and conducting disposals.    Pete has extensive transaction and investment experience having in his most recent prior role transacted over AUD$8B of assets as well as sourcing third party capital. Pete previously lead strategic research at a major investment house, bringing deep understanding of real estate sectors to the business. Pete notes, “I’m thrilled to join a growing business that has a long term investment horizon, expanding into the Australian market across the industrial, living and mixed use sectors. I look forward to contributing to and building an authentic organisational culture.“   Connect with Pete direct https://lnkd.in/euqeehky   #awarerealestate #realisemore #growingteam

We'd like to take this opportunity to wish you a very happy holiday and a safe and relaxing new year.   This festive season is a perfect time to reflect on the achievements and milestones we've reached together, it has been an incredible journey. Your support, commitment and shared vision have been instrumental in our mutual success. May this season bring joy, peace, and prosperity to all. We look forward to continuing our partnership in 2024 and beyond. #awarerealestate #realisemore #happyholidays2023 Michelle McNally Tracey Whitby Edwin Cheung, CFA Serena Yu Gareth Sneade Yasmin Booker MRICS Josh Browne April P. Jessy Xue Renee Opperman