18.12.2008 - Looking to the future
From Themovechannel.com: Sovereign wealth funds will own up to 20 per cent of global real estate worth £474 billion by 2015, according to the latest data from property adviser CB Richard Ellis. SWFs, the billion dollar state-backed investment vehicles which have bought major stakes in everything from investment banks to UK commercial property in the past few years, will increase their exposure to real estate from four to seven per cent over the next seven years, CBRE said. .... Full Article: Source