Australia. Dutch pension giant boosts local exposure with $350m EG investment
Dutch pension giant PGGM doubled down on its investment in Australian commercial real estate, putting $350 million into a diversified fund managed by EG less than six months after entering into an $800 million partnership with Charter Hall.
PGGM joins four other investors in the open-ended diversified EG Australian Core Enhanced Fund (ACE) which in the past two years has spent $234 million on three industrial properties, a Bunnings near Sydney Airport and a Perth office tower.
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