Brexit offers UK office-buying boon: AustralianSuper

London

BANKERS may be leaving London, but Britain's exit from the European Union (EU) could still offer opportunities to buy UK commercial real estate with the market in flux, according to Australia's largest pension fund.

AustralianSuper Pty, which has A$120 billion (S$129 billion) in assets, is looking to invest more overseas, with real estate and infrastructure in the UK, Europe and the US of particular interest, Melbourne-based chief investment officer Mark Delaney said. "Brexit may present an opportunity for us, but we will need to be patient," added Mr Delaney, in an interview on Aug 24. "There are likely to be some good-quality assets that become available that will be worth looking at."