Daniel Kemp
Reforms under consideration could see more investments in the strategy with the introduction of an ‘emerging covered asset class.’
Leaders from APG, ADIA and ART all expressed a willingness to make cornerstone investments if the terms and alignment are right.
The subsidiary of superannuation fund Cbus is in exclusive due diligence to buy out investors in the unlisted fund APPF Retail.
The platform, which is backed by the Asian alternative investment platform, will focus on transitional lending in the mid-market.
Australia’s superfunds are on track to become the second-largest pension pool in the world. That will have major ramifications for private real estate.
The Los Angeles-based firm is targeting a net IRR of 15-18% for its seventh flagship opportunistic fund, which has a $3bn target.
The Sydney-headquartered manager beat a A$250m target for its first fund and has already deployed 50% of the capital raised.
The superannuation fund has shifted into active gear after not ‘investing as much in property in the last two to three years,’ says Damian Graham.
The Australian wealth manager and superfund provider sees potential opportunities to expand its all-Australian property book in markets such as European industrial.
The Australian firm now manages the annuities provider's direct property portfolio, previously overseen by Elanor Investors Group.