Super funds pursue large-scale mixed-use property deals despite risks
Costly mixed-use developments with decades-long return horizons still have their backers. Two leading funds tell how they still have an appetite for long-term place-making.
Two super funds have defended the investment and ESG benefits of mixed-use property developments, even as consultants point to a number of risks associated with the sector, which combines office, retail, residential, hospitality and leisure over timeframes that can stretch to several decades.
Bevan Towning, head of property at Australian Super, Australia’s largest super fund, told AsianInvestor that the fund valued the diversification benefits and long timescales associated with t…
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