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AustralianSuper selects Bentall Kennedy as real estate investment adviser in Canada

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Bentall Kennedy has been selected to represent AustralianSuper, a superannuation fund managing retirement assets of AUD100 billion, as its real estate investment adviser in Canada with a mandate to pursue commercial real estate investment opportunities nationwide.

The Canadian separate account mandate awarded to Bentall Kennedy by AustralianSuper is intended to span a broad range of real estate investment types, including large-scale commercial business district office properties, regional malls and mixed-use development opportunities in Canada's major urban centres.
 
"AustralianSuper seeks to work with the best partners on a global basis," says Jack McGougan, AustralianSuper's head of property investments. "In Bentall Kennedy, we have selected an adviser that offers deep expertise in an important global real estate investment market and will represent our members' interests according to the highest fiduciary standards.
 
"Our obligation on behalf of the members that have entrusted us with their retirement savings is to ensure that they know their fund is working to deliver them the best possible retirement outcome as the fund looks to invest in some of the world's best assets."
 
In Australia, employers pay retirement, or 'super', contributions of almost 10 per cent of employees' annual salaries into their super accounts.
 
"We are very pleased to have been selected as AustralianSuper's real estate investment adviser in Canada," says Gary Whitelaw, group chief executive officer, Bentall Kennedy. "We are well positioned to execute on this mandate on behalf of AustralianSuper's members through our research driven strategies, our strong commitment to responsible and sustainable investment practices, and a comprehensive knowledge of the Canadian real estate investment market that should offer a consistent, high-quality complement to AustralianSuper's growing portfolio of direct foreign property holdings."
 
Paul Zemla (pictured), chief investment officer for Bentall Kennedy in Canada, adds: "We look forward to working with AustralianSuper in diverse contexts within this mandate, including joint venture partnerships with major Canadian pension funds, private asset owners and our many current Bentall Kennedy institutional clients."

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