Rohan Shan homes in on the the true attraction of unlisted property. Is it the elusive illiquidity premium or is it something else?
Mercer estimates that the real estate market in Australia and New Zealand is at or near its peak and switches its focus to income rather than capital appreciation
TelstraSuper’s Miriam Patterson talks about the impact of e-commerce on real estate and how the fund has been repositioning its portfolio. “Our focus is on retail that takes up the first dollar of your household budget, not your last,” she says.
With an older member base, TelstraSuper can’t rely on inflows to fund new real estate purchases. “I have to sell something to buy something, so I need to be very disciplined,” says Head of Real Assets Miriam Patterson.
Digital disruption is not just a challenge, but also an opportunity. Real estate firm Actis is playing into this dynamic with the development of large data centres in China, South Korea and potentially India.
HESTA’s real estate portfolio plays an important role in executing the fund’s impact investment strategy, Florence Chong writes.
It’s no secret online shopping is having a significant impact on the retail sector. But as more shops close down, the real estate sector is increasingly changing face as well, Aviva Investors Head of Real Estate says.
In part II of the interview with Spiros Deftereos, he gives the lie to a perception that superannuation funds do not or will not invest in Australia’s residential sector.
Hostplus is eyeing offshore property as the fund continues to grow.