Rest Super, one of Australia’s biggest superannuation funds, has joined a high-profile court battle to retain its stake in Melbourne Airport, which could be forcibly sold if fund manager Dexus loses a legal fight with its co-investors.
The fund, which represents about 2 million hospitality workers, has become caught up in the complex dispute after Dexus tried to sell about one-third of the overall 27.3 per cent stake – known as the Dexus Bloc – which it manages on behalf of clients, including the $93 billion Rest Super.
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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
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Bluesky: @jennywiggins.bsky.social Email Jenny at jwiggins@afr.com
