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SWFs may invest $725bn in property
- Middle East: Tuesday, September 23 - 2008 at 07:56
A new report says sovereign wealth funds may increase investment in commercial real estate to a net $725bn by 2015 as they diversify their holdings from stocks and bonds, reported Bloomberg. CB Richard Ellis Group, the world's largest commercial-property broker, noted in its report that the funds will probably raise the proportion of money they invest in real estate to 7% from 4% in the next seven years. Abu Dhabi, Norway, Saudi Arabia, Singapore and China have the largest funds.
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Jeff Florian, Senior ReporterTuesday, September 23 - 2008 at 07:56 UAE local time (GMT+4)
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