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.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
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