Cbus Super has entered a partnership with Brookfield Asset Management to invest in technology and innovation relating to the built environment.
CIO Kristian Fok said: βThe market for emerging technology servicing the built environment is growing rapidly and will accelerate post-COVID, primarily across real estate and construction, transport and logistics, and healthcare.
βThe disruption caused by COVID-19 has rapidly changed the way businesses operate, with increased reliance on technology and innovative business models as more people work from home.β
He added that Brookfieldβs growth technology initiative would βinvest in digital transformation of the built environment β linking technology, innovation and disruptionβ.
He said: βThe strategy also supports the broader building and construction industry. This significant investment has a number of benefits, including opportunity to leverage built environment innovation into Cbusβ assets.β
The Australian superannuation fund has also teamed up with two co-investors and US-based Capital Dynamics to purchase two solar-energy projects from US company LS Power.
βThis is a significant investment for Cbus, providing our members with strong risk-adjusted returns, underpinned by long-term power purchase agreements with investment grade counterparty,β Fok said.
βThere is also opportunity to optimise the assets alongside the deep experience of the Capital Dynamics management team.β
