NZ Super hunts for properties even as investors desert sector
New Zealand’s sovereign fund is on the lookout for investment opportunities in global property despite sharp falls in investor allocations to the sector in Asia.
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Despite sharp recent falls in allocations to Asian property markets, leading APAC sovereign investor the New Zealand Superannuation Fund (NZ Super) has indicated it is ready to increase allocations to the sector.
“We have recently added internal resourcing by hiring real asset specialists and, as pricing becomes more attractive, we will look to actively build our exposures in these sectors,” read an excerpt from its annual report, published on 31 October.
A spokesperson for NZ…
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