Sovereign Wealth to Return to Commercial Property (Video)
Globe St reports: At this year’s annual Marché International des Professionnels d'Immobilier (MIPIM) conference in Cannes, France, a panel including Richard Yorke of Real Capital Analytics’ (RCA) London office discussed the future of sovereign wealth funds as buyers of commercial real estate. The consensus, according to Globe St Founding Editor John Salustri, was decidedly positive. “Sovereign Wealth Funds (SWFs) are tracking the path of all other global investors--and they're coming back.”
Though SWFs universally recoiled back to their home markets over the course of the downturn, they still continued to make sizable purchases totaling €17.0 billion since 2008, according to data aggregated by RCA. The panel expected the pace of SWF acquisitions to increase in coming quarters, as all buyers seek to gain access to secure, relatively high yields and bargain-basement priced deals offered currently by commercial property.
For a complete summary of the panel’s discussion on SWFs at this year’s MIPIM, please see the full article on GlobeSt’s site.
View the full article on Globe St: Sovereign Wealth to Return to Commercial Property (Video)
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Posted by: Nina Turner