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Australian pension funds with A$520 billion AUM keen to deploy to real estate

Aware Super to diversify property investments out of home market

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Wong Chia Peck

Published Mon, Mar 3, 2025 · 03:34 PM
    • Two of Australia's biggest pension funds say they still have capital to deploy to real estate, and have already diversified to the UK.
    • Two of Australia's biggest pension funds say they still have capital to deploy to real estate, and have already diversified to the UK. PHOTO: BLOOMBERG

    TWO of Australia’s biggest pension funds that together count A$520 billion (S$436 billion) in assets under management (AUM) said they have money they can pump into real estate investments.

    “Do we have additional allocation to real estate? Yes, we do... we do have dry powder,” said Mark Lee, senior portfolio manager and head of real estate at Australian Retirement Trust (ART), at the recently concluded Private Equity Real Estate Asia Summit 2025 in Singapore last week.

    The company is Australia’s second-largest pension fund and manages A$330 billion in retirement savings, known locally as superannuation. Of that amount, around A$15 billion is invested in real estate.

    Pension fundsPropertyPrivate equityAustralia

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