Australia’s QSuper invests A$1bn in US real estate

Australia’s QSuper invests A$1bn in US real estate
14/01/2020 , by , in INTERNATIONAL

QSuper has invested A$1bn (€620m) to buy an office complex and an apartment building in the US.

The A$95bn Australian superannuation fund has bought a fully-leased 70,000sqm Bellevue office property in Washington state and a Falls Creek apartment property in Virginia.

The Bellevue is a two-tower office leased to Microsoft, and Falls Creek contains 939 apartments and a four-storey garage.

The acquisitions follow the purchase of an office building in Austin, Texas last October, and bring QSuper’s total global real estate holdings to A$5.4bn.

About Realty Plus

Loading...