03.04.2014 - Gulf SWFs to broaden range of target acquisition markets
Sovereign wealth funds in the Middle East, mostly owned by the GCC countries, are likely to broaden the range of target markets in 2014 after doubling their acquisitions to $18.8 billion in 2013 as the global commercial property transactions volumes are projected to jump, Knight Frank’s said on Monday. The latest Global Capital Markets report by the independent real estate consultancy said the global transaction volumes for commercial property (retail, offices, industrial and hotels) are set to see growth of at least 15 per cent in 2014, which will take the annual total to well in excess of $600 billion..................................Full Article: Source