PGGM puts brakes on Asian property investment
The €277bn Dutch pension fund is slowing allocations to the region as part of a worldwide strategy to combat falling asset prices.
![PGGM puts brakes on Asian property investment](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FMoney%20into%20property%20-%20real%20estate%20-%20shutterstock_682219138.jpg&c=1&h=677&q=100&v=20240201&w=1204)
Netherlands-based pension fund PGGM is slowing the pace of its Asian property allocations as part of a worldwide brake on new investments in its €18 billion ($19.07 billion) global property portfolio.
Maarten Jennen, a senior director and strategist for private real estate at PGGM Investments, the investment management arm of the €277 billion fund, told AsianInvestor that the need to rebalance its portfolio following falls in its equity and fixed-income portfolios last year, in ad…
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