Australian supers shy away from Europe property

As global economic headwinds and falling asset prices hit property allocations, Asian investors are avoiding Europe in favour of the US and Asia, despite challenges finding skilled staff in some sectors.   Mary Power, principal consultant for property at JANA Investment Advisors in Melbourne, Australia, said that Australian investors — notably Australian super funds — were shunning Europe.  “I think at this stage it’s still a no to Europe [from investors], given the economic bac…