AustralianSuper 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 UK property investment portfolio. The team advised on the acquisition of a 50% interest in the centre:mk in Milton Keynes and a 67% stake in King’s Cross, London.
Jack McGougan, Head of Property 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 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 UK strategy into mainland Europe. We are very pleased to extend our longstanding relationship with AustralianSuper.”
