AustralianSuper, the A$130 billion ($99.9 billion) Australian superannuation fund, has expanded its mandate with TH Real Estate, appointing the investment manager to advise on opportunities in the office and retail sectors in Europe.
First appointed in 2013, TH Real Estate has assisted AustralianSuper in its aims to grow its U.K. property investment portfolio. The team advised on the acquisition of a 50 percent interest in thecentre:mk in Milton Keynes and a 67 percent stake in King’s Cross, London.
AustralianSuper currently manages a A$10 billion ($7.6 billion) property portfolio. It focuses on European office and retail properties in the prime and super prime sector, as part of a global core strategy.
“With retail becoming more polarized and sophisticated and the office occupier market booming in several European markets, now is the perfect time to expand the successful U.K. strategy into mainland Europe,” said Myles White, head of European retail at
