SWFI First Read, April 8, 2017

KWSP Invests in Melbourne Square Project

Malaysia’s Employees Provident Fund, also known as KWSP, is investing 154 million AUD, alongside Malaysian industrial group OSK Holdings, in a mixed-use development in the centre of Melbourne in Australia called Melbourne Square. KWSP is taking a 49% stake in Yarra Park City, a unit of OSK Holdings that is acquiring a Melbourne property in the Southbank precinct in central Melbourne. OSK Holdings retains the other 51% stake in Yarra Park City.

Local Government Super CEO Exits

Sydney-based Local Government Super has lost its chief executive officer. Peter Lambert has stepped down as CEO of the superannuation fund, after running it for nearly a decade. In the interim, Donna Heffernan will step in to fill the role.

MEP Infrastructure Developers Tries to Lure Canadian Pensions for Investment Trust

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