APRA said that superfund trustees ‘have work to do’ to improve their processes, with enforcement action possible for underperformers.
With its new merger, the Melbourne-based infrastructure firm hopes to grow and globalize property fund manager IFM’s unlisted platform.
The pension fund could allocate $1.45bn to real estate funds over the coming decade.
Speakers at NYU Schack’s capital markets conference disagree on whether to hold or dispose of core assets.
While the country has seen faster repricing than other markets, some see the UK as less attractive for investment for other reasons.
Market pricing is starting to reflect capital spent on decarbonizing assets, according to speakers at the Women in Private Markets Summit in London this week.
ESR shareholders Warburg Pincus and Qatar Investment Authority have joined the consortium in its updated bid for the Asian logistics giant.
Bart Price, the sovereign wealth fund's head of growth markets real assets, will join as chief executive of the platform by early next year, PERE understands.
With its partner funds around £850m underweight to UK real estate, the LGPS pool is poised to begin deploying from its latest vehicle, says head of real estate Alistair Smith.
APRA will soon publish a review into how superfunds value unlisted assets, with ASIC supporting the work as it considers systemic risk to the wider financial system.