The heat is on in the property sector as the scramble to bag funds under management picks up pace.
Among those shaking a leg is one of the country's most venerable investment managers, AMP Capital.
Still embroiled with a blockbuster bid - in conjunction with UK investor Arlington - for the $2 billion student accommodation giant Campus Living Villages, AMP has landed a fresh source of European capital to place into the local real estate market.
The powerful manager has a institutional mandate to invest in office and industrial properties from Swiss Re, the world's second largest reinsurer.
The Zurich-based institution ran a process in the middle of last year to identify a local manager. AMP has won the confidence of the Swiss and is now tasked with steering anywhere between $500 million and $1 billion into the property sector.
The extent of that mandate may be enough to tempt some landlords to offer up a trophy office tower or two or a chunky industrial portfolio as commercial prices head toward a peak.
The toppy market is pushing veteran property players into new sectors, such as healthcare property where yields have been tightening.
The nation's largest office landlord, Dexus, has been moving cautiously into sector with a recent acquisition in Adelaide and a development in Sydney.
Dexus's healthcare strategy, led by CIO Ross Du Vernet and aimed at improving its growth profile and gaining critical mass, appears set to gain momentum with several hospital portfolios coming up for grabs.
