Stan Life property fund increases Asia exposure

The £1.43bn fund made its second direct investment in the Asia Pacific property market with the acquisition of a property in Sydney, Australia for AU$26m from GE Real Estate Investments Australia. The property is located in Sydney's central business district and comprises a net lettable area of 3,135sqm with 10 upper floors of office accommodation and ground and mezzanine retail space. Tenants include Malaysian Airlines, Consulate of Malaysia and The Malaysian Trade Commission. Andrew Jackson, manager of the fund, commented: "This acquisition cements the £1.4bn Select Property fund's st...