Publications

- April 1, 2013: Volume 5, Number 4

To read this full article you need to be subscribed to Institutional Real Estate Asia Pacific

A-REIT JV shows investor demand for retail assets

by Sara Kassabian

Australian retail assets are getting a lot of attention from institutional investors.

ISPT Pty Ltd, an A$8 billion (US$8.2 billion) unlisted superannuation fund, has acquired a 50 percent stake in a retail portfolio for A$371.4 million (US$380.1 million) from Federation Centres, formerly known as Centro Retail Australia, which had been plagued by debt.

Federation Centres, an Australian REIT that manages A$6.6 billion (US$6.8 billion) in shopping centres, previously formed a similar alliance with Perron Group. Following the joint venture with ISPT, Federation Centres will have a total of eight co-ownership strategies valued at A$2.1 billion (US$2.2 billion). The transaction is expected to close before the end of July.

Vincent Felteau, Asia Pacific portfolio manager at

Share this article

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?