With over 1 million members and approximately AUD 93 billion of funds under management, HESTA is one of Australia’s largest superannuation funds dedicated to health and community services. This investment establishes Heitman as one of HESTA’s largest international property investment managers.

“The new allocation with Heitman will support us to continue to build a well-diversified portfolio of property investments designed to help deliver strong long-term returns for our more than one million members,” HESTA Head of Portfolio Management Jeff Brunton said.

Caleb Mercer, Managing Director, European Real Estate Investment at Heitman added “Unlike the traditional property types, the alternative sectors are driven by needs-based demand and are undersupplied, making them less tied to economic cycles. We believe this makes them an attractive way to benefit from the price reductions available in Europe whilst mitigating exposure to uncertain economic conditions.”

You can now read the full press release at the link below