IFM investors complete a $50 Million investment in SUPA
Industry super fund-owned global institutional investment manager IFM Investors’ has completed its AUD$50M investment in Smart Urban Properties Australia (SUPA) following overwhelming support for the transaction from SUPA shareholders.
IFM’s capital injection will support SUPA’s ambition to change the game for property investors, developers and owners, delivering on its goal to improve the lifestyles of the communities it serves with smarter, safer, more sustainable urban properties.
SUPA Group CEO, Geoff Horth says this is an important milestone in the history of SUPA, providing the business with the capital it needs to deliver a significant pipeline of projects and to make further investments that capture additional market share.
“I would like to thank all investors for their support of the business to this point and for their efforts in helping us finalise this significant investment. We are genuinely excited about the growth opportunity ahead for SUPA and the potential to deliver outstanding returns for all shareholders,” said SUPA Group CEO Geoff Horth.
As Australia’s first unified services provider, SUPA is focused on increasing property attractiveness and valuation with converged utilities and communications infrastructure, integrated in-building technologies, platforms and smart apps for multi-occupant properties.
To learn more about IFM Investors, visit: www.ifminvestors.com.
Find out more about SUPA at www.smarturbanproperties.com.au