One of the country’s biggest super funds, the $200 billion Aware Super, has taken majority control of a European serviced apartment operator and plans to grow it into a $1 billion business over the next three years.
It’s the latest example of how Australia’s cashed-up industry funds, including AustralianSuper and HESTA are diving into global real estate, much of it 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
