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Announced

Completed

IFM completed a $50m investment in Smart Urban pPoperties Australia.

Synopsis

IFM, a funds manager, completed a $50m investment in Smart Urban pPoperties Australia, a provider of property solutions by bringing together renewable energy and mobility. “We are delighted to be partnering with IFM on this next stage of our exciting growth journey - it will provide growth capital to deliver our existing pipeline of projects, while allowing us to make further investments to increase our market share. Over several months working with the IFM team, it has become clear that this opportunity is in the best long-term interests of the company. IFM’s relationships and networks, our alignment on strategy and ambition and our shared values provide the ideal platform for us to deliver outstanding returns for all SUPA investors,” Geoff Horth, SUPA CEO.

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