Perennial Real Estate Investment has picked up an important new mandate from Australian Primary Superannuation Fund to manage a global property securities mandate.
The mandate, which was funded in March, was announced this week by the managing director of Perennial Investment Partners, Anthony Patterson, who said he regarded it as an endorsement of the Perennial Real Estate Investments team and the global asset class.
He said with over one-third of the Australian listed property trust market invested in offshore property, clients had indicated their preference for investing directly in the global property securities market.
August is shaping up to be an “eventful” reporting season as high valuations clash with low expected earnings growth, according to MLC.
New data suggests private market performance far exceeded public equities in Q1 2025.
Despite tariff challenges and a weaker US dollar, the investment manager remains optimistic that Asian markets, both big and small, stand to benefit.
The uncertainty surrounding US trade policy is weighing down global growth prospects, KPMG warns.