AusSuper Buys Stake in €840 Million European Warehouses (1)

Australia’s largest superannuation fund has bought a stake in a portfolio of European warehouses as the country’s pensions continue to pour capital into international real estate.

AustralianSuper has purchased a 50% stake in an €840 million ($860 million) portfolio owned by Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, according to a statement Monday. It is also acquiring a stake in the portfolio’s manager, M7 Real Estate, as part of the deal, it said.

European warehouses have lured the biggest pension and sovereign wealth funds from around the world as they seek ...