PRESS RELEASE
Tribera and Aware Super partner to invest in Germany student housing platform with over €1 billion of investment capacity
2nd July 2026
Tribera is pleased to announce the creation of a new partnership with Aware Super to invest in a property platform that will own and operate German purpose-built student accommodation assets, targeting a portfolio with over €1 billion of investment capacity.
The partnership will own and operate high-quality prime student housing assets across key German markets including Berlin, Munich, Hamburg, Cologne, and Frankfurt. The platform will target investments across the risk spectrum seeking an attractive risk-adjusted entry basis with the aim of unlocking value over the longer term.
Tribera has a demonstrable track record of designing living spaces that foster community, productivity, and connection, creating hubs where like-minded individuals thrive and transition seamlessly from university to work. As a specialist living platform, Tribera will be exclusively appointed to provide asset, property and development management services to the platform.
This announcement follows Macquarie Asset Management’s majority acquisition of Tribera in July 2025. The establishment of the partnership builds upon Tribera’s strategy of leveraging its sector specialist team to partner institutional capital with high quality living assets across a range of markets and risk profiles. The partnership represents a major milestone for Tribera as it continues to build out its pan-European living platform.
Justin Hamer, Chief Executive Officer, Tribera, said:
“The creation of this new partnership speaks to the confidence global investors have in the underlying fundamentals of the German student housing sector, as well as Tribera’s vision of transforming urban living.
We are excited to partner with Aware Super in creating community-driven living spaces across key German cities that seamlessly integrate innovation, sustainability, and customer service.”
Aware Super Head of International and Senior Portfolio Manager for Property – UK Mathieu Elshout said:
“Germany’s purpose-built student accommodation market offers exactly the kind of structural opportunity our global investment strategy is designed to capture – significant undersupply, strong and growing demand, and a compelling entry point as the market begins to institutionalise.
The establishment of the partnership will enable us to diversify our property portfolio both geographically into continental Europe and into a new alternative sector, while partnering with experienced operators in European student housing. We believe it will deliver strong long-term, risk-adjusted returns for our 1.3 million members.”
James Bechely-Crundall, Managing Director, Macquarie Asset Management, said:
“Our investment in Tribera is aligned to our strategy of establishing and incubating specialist real estate managers in sectors we believe are supported by significant structural tailwinds.
We have high conviction that a scalable market opportunity exists in the European student housing sector and that Tribera is well positioned to partner institutional capital with best-in-class real estate opportunities at scale. We look forward to continuing to work with the business and its capital partners to support their growth ambitions.”
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About Tribera
Tribera is a specialist living platform that owns, develops and operates assets on behalf of its institutional capital partners. The business is vertically integrated providing our institutional clients with the full suite of investment, asset, development, technical and property management services. As at 31 March 2026, the business manages over 11,000 beds across eight European countries. Tribera is owned by Macquarie Asset Management and its CEO and Co-Founder Justin Hamer.
About Aware Super
Aware Super is one of Australia’s top-performing and largest profit-for-member superannuation funds with a core objective of delivering the strongest risk-adjusted returns for its 1.3 million members. As a A$245 billion global asset owner, we typically take an active management approach across alternative assets, including infrastructure, real estate and private equity, and additionally allocate to liquid markets. Returns for Aware Super’s A$16 billion property portfolio are driven by a globally-diversified program which focuses on living, industrial, office upgrades and alternatives.
