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Sovereign Wealth Funds Briefing - Categorized | Investment

Super Fund in $494mln UK mall purchase

Posted on 30 December 2013

Superannuation giant AustralianSuper has spent $494 million to acquire a half stake in London’s The Centre: MK Mall, blazing the trail for homegrown superannuation funds to invest in offshore property.
In its first direct property investment, the $65 billion fund acquired 50 per cent of the 400,000sq m centre with Hermes Real Estate Investment Management, which acted on behalf of the BT Pension Scheme. AustralianSuper’s head of property Jack McGougan said the asset had huge growth potential………………………………………..Full Article: Source


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