UniSuper sharpens focus on direct investments in property
The Australian super fund is leveraging its enhanced capacity to actively pursue direct industrial and commercial property investments, unperturbed by increasing regulatory scrutiny of unlisted assets held by super funds.
UniSuper, one of Australia's largest superannuation funds, is ramping up its direct property investment exposure with the acquisition of the Burra Park estate, a logistics development site in Sydney.
“Increasing the fund’s directly owned property portfolio continues to be a primary focus,” Nick Stephens, senior manager, property at UniSuper told AsianInvestor.
The A$127 billion ($83.4 billion) super fund’s latest acquisition complements its past direct investments in high-qualit…
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