Australia’s largest pension scheme AustralianSuper reportedly plans to invest £23 bn (€27 bn) in the UK and Europe over the next the next five years.
According to a news report by the Financial Times, AustralianSuper expects to more than double its UK assets from £7 bn currently to more than £15 bn by 2026.
Similarly, the superannuation fund manager is planning to increase its investment in Europe from £12.6 bn to £28 bn over the same period.The planned purchases would keep the weighting of UK and European assets as a proportion of the fund’s total steady.
'There are strong opportunities across real estate, infrastructure and direct private credit in Europe and the UK,' Damian Moloney, AustralianSuper’s head of investments, International, told the FT. 'We are looking at a variety of opportunities for high-quality sustainable mixed-use real estate investments that are or can be carbon neutral.'
