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AustralianSuper appoints TH Real Estate to an expanded European mandate

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AustralianSuper, the $AUS130 billion Australian superannuation fund has expanded its mandate with TH Real Estate, appointing the investment manager to advise on opportunities in the office and retail sector in Europe.

First appointed in 2013, TH Real Estate has successfully assisted AustralianSuper in its aims to grow its U.K. property investment portfolio. The team advised on the acquisition of a 50% interest in thecentre:mk in Milton Keynes and a 67% stake in King’s Cross, London.

AustralianSuper, Australia’s largest superannuation fund, currently manages a AUD$10 billion property portfolio. It’s appetite for European office and retail property is focused on the prime and super prime sector, as part of a global core strategy.

Jack McGougan, Head of Property at AustralianSuper, comments: "Working with TH Real Estate has delivered some great outcomes for our members. AustralianSuper looks forward to expanding the mandate into the broader European market. It underlines our commitment in pursuit of our strategy to acquire core assets in major international cities with trusted and experienced local partners as we look to deliver strong sustainable returns over the long-term."

Myles White, Head of European Retail at TH Real Estate, adds: "AustralianSuper have established themselves as discerning and strategic investors with their acquisition of the 50% stake of thecentre:mk and 67% stake in King’s Cross, London. With retail becoming more polarised and sophisticated; and the office occupier market booming in several European markets, now is the perfect time to expand the successful U.K. strategy into mainland Europe. We are very pleased to extend our longstanding relationship with AustralianSuper. "

With $39 billon invested into retail globally, TH Real Estate is one of the largest global fund managers in the retail sector, managing over 250 retail assets around the world. Flagship products include those focused on prime shopping centres, retail warehouse parks, and outlet malls. Meanwhile, TH Real Estate’s specialist global office team manages $33.5 billion of offices across the world, in a variety of funds and segregated mandates, for clients looking to access the key gateway cities around the world.

 

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Note: TH Real Estate renamed to Nuveen Real Estate in January 2019. 
Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice. TH Real Estate is an investment affiliate of Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisers LLC,, a registered investment advisor and wholly owned subsidiary of TIAA and distributed by Nuveen Securities, LLC, member FINRA. Please consider all risks carefully prior to investing in any particular strategy. This communication does not form part of any contract for the sale or purchase of any investment. Any investment will be made solely on the basis of the information contained in the Prospectus or offering documents (including all relevant covering documents), which will contain investment restrictions, risks and fees. Potential investors must read the Prospectus or other relevant offering document before investing. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.