Heitman has announced an allocation from HESTA to invest in European alternative property types, including self-storage, student housing, residential, and health care. With more than 1 million members and approximately A$93 billion ($60.6 billion) of funds under management, HESTA is one of Australia’s largest superannuation funds dedicated to health and community services. This investment establishes Heitman as one of HESTA’s largest international property investment managers.
“The new allocation with Heitman will support us to continue to build a well-diversified portfolio of property investments designed to help deliver strong long-term returns for our more than one million members,” said Jeff Brunton, HESTA Head of Portfolio Management.
Caleb Mercer, managing director, European real estate investment at Heitman, added, “Unlike the traditional property types, the alternative sectors are driven by needs-based demand and are undersupplied, making them less tie
