Residential development gets an $800 million new year kick

This is an extract from an article written by Michael Bleby for the Australian Financial Review, published on 16th January 2025.

Investing in any strategy, and specifically in affordable housing, requires scale,” Antoine Mesnage, AXA IM Alts Australia head, told the Financial Review.

“It is significant that the CEFC, a large institution, validates the conviction that we’ve had for a while around institutional capital investing in the sector globally, but specifically in Australia.”

Residential buildings are responsible for about 24 per cent of Australia’s electricity use and more than 10 per cent of total carbon emissions. The Westmead project will have a 5-star green rating and 7-star NatHERS thermal efficiency rating. Future projects will target a minimum average 7.5-star NatHERS rating, which would reduce power bills for residents, CEFC CEO Ian Learmonth said.

“Working alongside an established player like AXA IM here in Australia, we are able to use our capital to help improve the sustainability of the residential property sector,” Mr Learmonth said.

Read the full article below:
Residential development gets an $800 million new year kick- The Australian Financial Review

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