SWFs, pension funds remain eager to buy property assets
Falling tourist numbers, a rise in e-commerce and a growing cohort of homeworkers haven't stopped SWFs and pension funds from pouring millions into office and retail real estate.
Sovereign wealth and pension funds expanded their allocations to real estate in 2020 more than to any other type of alternative asset. They also closed the highest number of deals in the sector, compared to other industries such as technology and infrastructure.
According to Preqin data, among alternatives assets, sovereign wealth funds allocated an average $3.84 billion to real estate, a 10.3% increase from last year. Meanwhile, their allocations to hedge funds, private equity an…
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