This article is from the Australian Property Journal archive
THE Trinity Property Trust has wooed over industry super fund Sunsuper, which has increased its investment in the vehicle to $100 million.
Trinity’s head of funds management and property Bruce Baker said the additional investment from Sunsuper was further endorsement of TPT’s track record and its potential to outperform in a volatile market.
“The increased investment from Sunsuper is astute as it will allow TPT to capitalise on opportunities in the property sector as the market continues to reprice due to the ongoing effects of the global credit crisis, for the benefit of its investors,” he added.
“We recognise that the current market conditions will create opportunities and we’re confident that Sunsuper’s members will benefit via TPT’s targeted acquisition strategy and active hands on management,” Sunsuper’s chief investment officer David Hartley said.
Trinity Funds Management’s head of distribution David Asplin said the equity injection from Sunsuper is well timed for TPT to capture investment opportunities beginning to emerge from the current market.
“We have remained close to our institutional clients through the turbulent times and they recognise that acquisitions and investments made over the next twelve months will position TPT for outperformance over the medium to long-term,” Asplin said. “We acknowledge the short to medium-term outlook will not be without challenges however Trinity Funds Management is an established manager with core property expertise and a recognised track record.”
TPT has assets under management of approximately $580 million.
Australian Property Journal
