This mandate follows the appointment of TH Real Estate in 2013 by AustralianSuper for its entry into the UK Shopping Centre market.
AustralianSuper head of property Jack McGougan said the mandate is an ideal fit for the super fund given that the UK office market, particularly central London, sits well with the fund’s investment approach.
“It has a record of strong returns over the long term, transparency, good liquidity and a positive overall economic outlook, among a range of attributes,” said Mr McGougan.
“In addition, TIAA Henderson Real Estate brings the right level of experience and approach to its role as investment manager.”
Mr McGougan said the fund’s existing relationship has “reaffirmed its confidence in the capabilities of the organisation and its alignment with the AustralianSuper philosophy”.
TH Real Estate head of Australia, Nick Evans said the company is delighted to have been awarded a second mandate by AustralianSuper, which he believes is a testament to the expertise of TI Real Estate in the UK office and retail sectors.
“We are building a collaborative working relationship with sophisticated clients and partners in Australia, and we are committed to building a sustainable business in this important marketplace,” said Mr Evans.
