Bringing you live news and features since 2006 

Select Property Fund adds to direct Asia-Pacific exposure

RELATED TOPICS​

Standard Life Investments has made its third direct investment in the Asia-Pacific property market with the acquisition of a property in Brisbane, Australia for AUD37.5m on behalf of its S

Standard Life Investments has made its third direct investment in the Asia-Pacific property market with the acquisition of a property in Brisbane, Australia for AUD37.5m on behalf of its Select Property Fund.

Acquired from Trinity Property Trust, part of the Trinity Group, 82 Eagle Street comprises a 12-level business complex occupied by tenants including SMF Funds Management, Leighton Contractors and Bright Fox. Following a recent AUD4m upgrade, the building has now set a rental benchmark for the Brisbane office market of AUD750 per square metre.

In May last year, SLI made its first direct investment in the Asia-Pacific property market with the acquisition of a property in Perth for AUD47m, followed by a second purchase for AUD26m in Sydney in January.

‘We are delighted to announce the acquisition of our third Australian office building for the portfolio,’ says Andrew Jackson, manager of the Select Property Fund. ‘It brings the fund’s direct bricks and mortar property exposure to 32 per cent. With strong occupational demand for this quality of asset, we believe there are opportunities to add value through an ongoing active management of the building and its tenant base.

‘For investors looking to access the growth potential of overseas property markets, the Select Property Fund continues to provide a compelling mix of globally diverse direct and indirect property assets.’

The more than GBP1.3bn fund offers UK institutional and retail investors access to global property markets via direct investment, unquoted specialist property products and stock exchange-listed property vehicles. Despite recent volatility, the fund’s retail accumulation unit price has risen 21.8 per cent since launch.

Standard Life Investments had GBP13.8bn in property assets at the end of last year and managed some GBP1.3bn in listed real estate securities at the end of March. Its more than 100-strong property team at offices in Edinburgh, London, Paris, Boston, Toronto and Hong Kong manages 18 property funds spanning pooled pension products, segregated mandates, mutual funds, sector specialist funds and global property vehicles.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by