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.
