GIC and peers investigating climate risk effect on property

Singapore's GIC and other asset owners such as life insurers and pension funds are beginning to seriously consider the impact of environmental risks on real estate, an emerging shift that could lead to a pullback in some property assets and cause investors to hold physical assets for shorter periods. Institutional investors, including the Singaporean sovereign wealth fund, have made multiple investments into real estate, and have begun assessing them through the lens of resiliency…