AustralianSuper has taken a half stake in a $1.4 billion European logistics and industrial property portfolio owned by Canada’s Oxford Properties Group, which the two investors aim to expand fivefold over as many years.

The $355 billion industry super fund has also acquired a 50 per cent stake from Oxford of M7 Real Estate, the investment and asset manager that will oversee the 76 assets – located in the UK, Denmark, France, Germany, the Netherlands and Spain – in the portfolio, known as the European Supply Chain Income Partnership.