POWERED BY MOMENTUM MEDIA
AusSuper appoints European property investment manager
AustralianSuper has appointed Rockspring Property Investment Managers LLP as its investment manager to look after its direct office and retail property investment strategy in Europe.
It comes as the super fund, which owns around $6 billion of real estate assets most in Australia, entered the UK retail property market in December last year.
The mandate will concentrate on large, landmark office buildings in European markets and retail investments such as regional shopping centres across Europe.
““We have been monitoring European markets closely over the last few years and we are now ready to establish a long-term presence through directly investing in the region,” head of property at AustralianSuper Jack McGougan said.
AustralianSuper entered the UK retail property market by buying a 50 per cent stake ($488.5 million) in a major shopping centre in north west London, thecentre:mk.
This was the fund’s first direct investment in its European property portfolio.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
