The $80 billion fund is targeting US and European infrastructure and property with a focus on debt holdings and mid-cap managers, in line with its increasingly global investment strategy.
Falling tourist numbers, a rise in e-commerce and a growing cohort of homeworkers haven't stopped SWFs and pension funds from pouring millions into office and retail real estate.
The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
The Korean insurer plans to “reshuffle” its property allocations in terms of geography and has particular preferences over its external manager partners.
Studies show that when comparing the long-term returns of listed and unlisted real estate vehicles based on the same underlying assets, the listed sector is an effective proxy for direct property investment. However, listed real estate (LRE) has the benefit of higher transparency, diversification, unmatched liquidity and a lower hurdle to global access compared to direct property.
Regional asset owners' real estate asset investments were 400bp lower than their targets. They aim to raise their allocations in 2021, following five years of strong performance.