Spanish lifer Mapfre eyes European property bargains
The insurer intends to source alpha by investing more in alternative assets, and is particularly looking buy up prime office properties in European cities as their prices fall further.
Spanish insurance group Mapfre is poised to allocate €1.6 billion ($1.9 billion) to alternative assets by 2023, with a particular eye on real estate bargains in Europe, as it seeks to diversify its investment portfolio and source decent yields in an ultra-low rate environment.
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