APG doubles allocation to Australian real estate debt

The confidence of APG, the largest pension provider in the Netherlands, in its approach to investing in the commercial real estate market in Australia has gone up a notch. It has increased its Australian Commercial Real Estate Debt mandate with MaxCap Group to A$600 million ($417.37 million) with a further re-up option to increase total commitments to A$1.2 billion ($835.68 million). The Dutch pension fund, which manages over $560 billion in pension assets, committed A$300 milli…