Commonwealth super body increases direct property exposure
The trustee body representing the superannuation funds covering Australia’s Commonwealth public servants has acquired a 92 per cent interest in landmark Sydney CBD building, 1 Chifley Square.
ARIA, which is the trustee body covering the CSS, PSS and PSSap, acquired its interest in 1 Chifley Square for $84.5 million via one of its real estate investment managers, Arcadia Funds Management.
ARIA chief investment officer Andre Morony said the purchase was one of the first undertaken by Arcadia as part of a long-term mandate.
Morony said ARIA had a 15 per cent strategic asset allocation to property and was one of the few large Australian investors returning to direct property investments through employee-owned boutique managers.
He said ARIA intended to continue to seek core and core plus commercial, retail and industrial investment opportunities in a number of key Australian real estate markets.
AUTHOR
Mike Taylor
Recommended for you
Australia’s largest super fund, AustralianSuper, has announced multiple additions to its executive leadership team to focus on global growth and innovation.
Super Review rounds up last month’s biggest people moves in the superannuation industry, including a new fund chair and a private markets head.
Investment returns for the Future Fund hit a milestone in September, adding $200 billion in value for the first time ever.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
