It’s an asset class worth $40 billion in south-east Queensland alone, but social infrastructure projects are failing to lure private developers.
Red tape and complex public-private funding models are discouraging developers looking to capture the health and education asset classes, as well as a perception that the market is yet to reach maturity.
The Property Council of Australia commissioned research into the underfunded asset class, which reveals there are newly seeded social infrastructure-focused funds with about $10.5 billion in managed assets, most of which have a weighted average lease expiry of 10 or more years.
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