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AusSuper appoints UK investment manager
AustralianSuper has appointed global real estate fund manager TIAA Henderson Real Estate (TH Real Estate) as its investment manager for its London office.
The mandate comes after the superannuation fund entered into the UK shopping centre market earlier this year and bought a 50 per cent interest ($488.5 million) in a major shopping centre in north west London, thecentre:mk.
Head of property at AustralianSuper Jack McGougan said the UK office market, and central London in particular, is good fit with their investment approach.
"It has a record of strong returns over the long term, transparency, good liquidity and a positive overall economic outlook, among a range of attributes," he said.
TH Real Estate has $1.5 billion worth of office assets across central London, including developments and standing investments, across 186,000sq m.
AustralianSuper appointed QIC last year as its US investment manager for retail property.
It came as the fund announced plans to get into direct investment within certain asset classes including property.
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