London: Heitman LLC, a global real estate investment management firm, today announced an allocation from HESTA to invest in European alternative property types, including self-storage, student housing, residential, and health care. With over 1 million members and approximately AUD 93 billion of funds under management, HESTA is one of Australia's largest superannuation funds dedicated to health and community services. This investment establishes Heitman as one of HESTA's largest international property investment managers.

According to BERNAMA News Agency, the new allocation with Heitman is part of HESTA's strategy to diversify its portfolio and enhance long-term returns for its members. Jeff Brunton, HESTA Head of Portfolio Management, stated, "The new allocation with Heitman will support us to continue to build a well-diversified portfolio of property investments designed to help deliver strong long-term returns for our more than one million members."

This strategic move underscores HESTA's commitment to exploring international opportunities in the property sector, aiming to leverage Heitman's expertise in managing diverse property investments.