Daniel Kemp
The property has been considered a real estate asset since current owner Goodman Group purchased it in 2010.
CSC’s Glenn Riley said ‘the market has turned’ as the investor looks to increase deployment in the asset class.
Reforms under consideration could see more investments in the strategy with the introduction of an ‘emerging covered asset class.’
Leaders from APG, ADIA and ART all expressed a willingness to make cornerstone investments if the terms and alignment are right.
The subsidiary of superannuation fund Cbus is in exclusive due diligence to buy out investors in the unlisted fund APPF Retail.
The platform, which is backed by the Asian alternative investment platform, will focus on transitional lending in the mid-market.
Australia’s superfunds are on track to become the second-largest pension pool in the world. That will have major ramifications for private real estate.
The Los Angeles-based firm is targeting a net IRR of 15-18% for its seventh flagship opportunistic fund, which has a $3bn target.
The Sydney-headquartered manager beat a A$250m target for its first fund and has already deployed 50% of the capital raised.
The superannuation fund has shifted into active gear after not ‘investing as much in property in the last two to three years,’ says Damian Graham.
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