The underlying asset for the new fund is a 14-storey commercial office building in Canberra that has an occupancy level of 99 per cent, with the main tenant being the federal government. "This is the first time in two years we've felt like retail investors are ready to put their money in property. Although they're definitely not interested in just any property investments - investors are incredibly selective," NAB head of global markets investments John McClusky said.
