Sovereign wealth funds could buy as much as US$725bn (Dh2.66tn) worth of global property assets by 2015, according to a new report.
The investment would equal 20% of the world’s property market, and would be in addition to the $4tn already owned by SWFs across all sectors, said the report by CB Richard Ellis, the property consultant company.
The report forecast that more SWFs, the billion-dollar state-backed investment vehicles, would establish their own property subsidiaries.
The National
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