This article is from the Australian Property Journal archive
THE $60 billion AustralianSuper superannuation fund has hired Henderson Global Investors as investment manager to hunt for super prime UK retail properties.
The mandate is part of a wider global strategy for AustralianSuper which is aiming to significantly grow its global property investment portfolio over the next five years. Currently the super fund owns a circa $4.6 billion real estate portfolio and is on the lookout for super prime UK retail property.
Henderson’s Australia executive director Nick Evans said the appointment is testament to the company’s expertise in the sector
“And aligned to our growth aspirations in Australia where we are committed to building a significant business with sophisticated investors,” he added.
AustralianSuper head of property Jack McGougan said the appointment followed an extensive search for an investment manager.
“We are confident that Henderson is the right choice. We look forward to a collaborative relationship with the Henderson team where the experience of the UK retail team will prove invaluable,” McGougan said.
Last year AustralianSuper chairwoman Elana Rubin announced the super fund is looking to spend $5 billion on direct property, lifting its exposure to the sector from the current 10% to 20% of its entire portfolio value.
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