REST increases property exposure

22 August 2006
| By Mike |

Big retail-based industry superannuation fund REST has issued two new property mandates worth $250 million.

The fund announced this week that it had agreed to invest $100 million in the Charter Hall Core Plus Office Fund and $150 million in the General Property Trust’s Office Wholesale Fund.

Announcing the mandates, REST chief operating officer Damian Hill said both funds would give REST members access to a broader range of property assets.

“These investments complement REST’s directly held property and increase our diversification in this asset class,” he said.

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