Liquid real estate Issue 05
Sovereign wealth funds: Sovereigns sets sights on property
Having bailed out the US investment banks in their hour of need, sovereign wealth funds are also turning their vast pools of cash towards real estate. Industry experts predict a doubling of investments by these funds to $10 billion within five years.
More on sovereign wealth funds
Funds from China, Norway, Singapore and Dubai are all making moves into the real estate market, with more set to follow.
Michael Cutteridge, director in the capital markets team at global real estate advisor DTZ, says: "These funds are going to get massive. There are going to be billions of dollars in them and the funds will be placed around the globe."
He says the largest funds are going to come from China but there will also be the petrodollar funds from the Middle East and Norway and the superannuation funds from such countries as...
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