Media Super to consider new real estate funds on a case-by-case basis

by Yong Xiang Pua

  • 06 Apr 2011
  • PE
  • RE

The Australian superannuation scheme Media Super – with total assets of AUD 2.7 billion under management – is optimistic about domestic real estate in the next 12 months. While its allocation to the asset class is at its strategic level, the superannuation scheme will consider new domestic real estate fund commitments on a case-by-case basis. It will seek a stable income stream from its real estate investments and has a strong preference for core real estate funds. It is also keeping its options open to both core-plus and value added funds. While Media Super has previously committed to real estate funds of funds, it will not be considering these vehicles in the future. Media Super prefers to invest with fund managers with strong track records and therefore will avoid first-time funds.

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