Sunsuper acquires its fifth property

clock

AUSTRALIA - Pension fund Sunsuper has acquired the Melbourne central business district (CBD) office property for AU$107m ($108.3m), the fifth in its direct property portfolio.

AMP Capital Investors has purchased the property at 330 Collins Street on the fund's behalf. The property was selected because of its geographical location and projected income returns and its long...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Australia

Bill introduced to increase contribution rate to 12%

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

clock 02 November 2011 •

Australian Future Fund returns -2.9% in third quarter

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

clock 28 October 2011 •

StatewideSuper and Local Super takes a step forward

AUSTRALIA - The merger between the A$2.4bn (US$2.5bn) StatewideSuper and the A$1.7bn Local Super will move to the next stage, beginning the due diligence process following approval in principle from the funds' major shareholders.

clock 14 October 2011 •
Trustpilot