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 Australia and Canada.
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