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.
