AustralianSuper to acquire a 50% stake in a logistics real estate portfolio from Oxford Properties at a €840m valuation.

AustralianSuper, an Australian superannuation fund, agreed to acquire a 50% stake in a logistics real estate portfolio from Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, at a €840m valuation. “We believe urban logistics and distribution represents one of the most compelling sector opportunities in European real estate today, and have been tracking the sector for several years,” Paul Clark, AustralianSuper head of European Real Assets.