One of Canada’s largest pension investors has committed $800 million to Sydney fund manager and developer Aliro Group’s industrial vehicle. 

In what Aliro said was one of the largest commitments by a new institutional investor to an unlisted Australian logistics fund in recent years, the Public Sector Pension Investment Board (PSP Investments) has committed the funds to the Aliro Group Industrial Vehicle (AGIV). 

The cash injection will power up AGIV’s capacity for new acquisitions, with an eye on infill sites and high-quality, smaller-box product, Aliro Group head of institutional funds Michael Noblet told The Urban Developer.