Thailand Government Pension Fund (Thailand GPF) said it planned to invest in a couple of pan-Asia funds to target non-core properties in the next 12 months.
GPF divided its real estate portfolio into global and domestic strategies. In its global real estate program, there are fund-of-funds, which focus on core and non-core overseas properties, and a number of pan-Asia funds that target non-core assets.
Currently, GPF allocates 3.5% and 5% of its THB11.5 billion to global and domestic real estate strategies respectively.
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