AustralianSuper Nears DC Office Portfolio Deal

superannuation

AustralianSuper, Australia’s biggest superannuation fund, is nearing a close on a 49% stake in an office portfolio in the DC area from Brookfield Office Properties Inc. The transaction is yet to be completed. AustralianSuper could join the chorus of institutional investors such as Norway’s sovereign wealth fund and large Canadian pensions committing heaps of cash to DC real estate. AustralianSuper worked with Principal Real Estate Investors, the real estate unit of Principal Global Investors, on the deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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