Investors

Outbound Chinese investment in private real estate might be gathering pace but it is not ready to relinquish the comforts of home.

Having built up a $10 billion property portfolio from investments in Europe and the US, Norway’s $860 billion sovereign wealth fund now has its sights on Asia.

Even for investors seeking opportunistic returns, Asia’s compressing yields are forcing the focus on the long-term “megatrends” underlying property, delegates heard at the ULI Asia Pacific Summit.

While Asian investors are still putting money into Europe, they consider the US a better long-term play, delegates heard at the ULI Asia Pacific Summit.

The $25 billion pension system’s property initiatives for 2015 include creating a co-investment program and potentially investing in separate accounts and Latin America for the first time. 

The San Francisco pension plan has made a commitment of up to $50 million to the Hong Kong-based firm’s US-focused value-added offering.

The property industry is usually slower to react to technological innovations, but it will have to adapt to a changing society, delegates heard at the ULI Asia Pacific Summit.

Commitments from Asian institutions and high net-worth individuals into the European country have increased 916 percent since 2011.

The London-based firm sees ‘opportunities all over the UK in all sectors’ as it targets £300 million for a final close later this year

UPS’ Spick on unfunded commitments and de-risking the portfolio