The insurer intends to source alpha by investing more in alternative assets, and is particularly looking buy up prime office properties in European cities as their prices fall further.
The value of real estate deals in China nearly doubled year-on-year in the second quarter, in stark contrast to big falls in property investment in Hong Kong, Korea and Singapore.
The unwillingness of local real estate owners to drop prices despite the Covid-19 pandemic means that there are few investment opportunities to be found.
With the immediate market panic around Covid-19 having subsided, some investors are carefully spying out possible investing opportunities in real estate, says CBRE.
Having already linked up with Korea's Poba, Denmark’s largest commercial pension fund wants more regional tie-ups for big-ticket real estate deals in both Asia and Europe.
Hong Kong real estate prices were already starting to slide before the recent protests accelerated the drop. How far and fast could they fall?