The state-linked fund manager’s foreign real estate holdings are largely in the UK, but that is set to change. It recently bought logistics assets in Poland and is eyeing other locations and segments.
Oxford Properties plans to move its Asia Pacific head to Singapore to spearhead a push to diversify and ramp up its regional exposure to as much as a quarter of its global assets.
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 sovereign wealth fund has committed several hundred million dollars to Gaw Capital’s first data centre investment platform, underscoring its appetite to enter new markets in Asia.
Sovereign wealth funds’ allocations to private equity and private debt have risen, but those to real estate have fallen, according to Preqin data.
Pension funds are joining a growing number of asset owners globally to find investment opportunities in real assets amid the Covid-19 fallout.