One of the country’s largest super funds, HESTA, will look to invest in student accommodation and self-storage facilities in Europe, taking its $93 billion funds pool further into the global property market.
While HESTA already owns commercial real estate in the US, its fresh charge into Europe puts it in the company of industry peers such as AustralianSuper and Aware Super, which have been buying big in the UK and Europe.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
