Euromoney Liquid real estate March 2007
“Most institutional investors are still underweight in property,” says Andrew Jackson, a property investment director at Standard Life. “Though life companies are an exception, there is still a lot of unsatisfied investor demand in real estate markets.”
Profits have been excellent. Even as the bond and equity markets strengthened, real estate outperformed them. “People came looking for a safe haven for their money, and stumbled into huge returns,” explains Iain Reid, chairman of the Property Derivatives Interest Group, and CEO of Protego Real Estate Investors.
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