The product was well placed to provide investors with diversified exposure to commercial real estate with solid long-term leases and a high-calibre management team, Zenith said.
Australian Unity became the investment manager of the fund after it purchased Westpac Funds Management last year.
"Property markets are generally stabilising and, notwithstanding some short-term global economic uncertainties, we see a positive outlook for quality assets under strong managers over the longer term," Zenith said.
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