08.02.2013 - Record property investment by sovereign funds
Sovereign wealth funds sunk a record portion of their investments into property last year as trophy assets in London, Paris and Moscow proved more attractive than low-yielding bonds or choppy stocks. The funds made 38 property investments valued at nearly US$10 billion (Dh36.7bn) during the year, according to data released yesterday by the Sovereign Investments Lab at Bocconi University in Milan, which has tracked sovereign fund investment since 1985. While the size of the investment was smaller than the $13.4bn invested the previous year, last year's deals represented 21 per cent of total investments, the highest percentage on record...............................................Full Article: Source
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