Cbus Super has entered a partnership with Brookfield Asset Management to invest in technology and innovation relating to the built environment.

CIO Kristian Fok said: “The market for emerging technology servicing the built environment is growing rapidly and will accelerate post-COVID, primarily across real estate and construction, transport and logistics, and healthcare.

“The disruption caused by COVID-19 has rapidly changed the way businesses operate, with increased reliance on technology and innovative business models as more people work from home.”

He added that Brookfield’s growth technology initiative would “invest in digital transformation of the built environment – linking technology, innovation and disruption”.

He said: “The strategy also supports the broader building and construction industry. This significant investment has a number of benefits, including opportunity to leverage built environment innovation into Cbus’ assets.”

The Australian superannuation fund has also teamed up with two co-investors and US-based Capital Dynamics to purchase two solar-energy projects from US company LS Power.

“This is a significant investment for Cbus, providing our members with strong risk-adjusted returns, underpinned by long-term power purchase agreements with investment grade counterparty,” Fok said.

“There is also opportunity to optimise the assets alongside the deep experience of the Capital Dynamics management team.”