Sovereign Wealth Funds Drawn To UK Commercial Real Estate

Following a 45% decline in asset values, the UK commercial property market is a prime target for an investor looking to buy on the cheap. This logic has appealed to the sovereign wealth funds. Indeed, at the end of September, the Australian government's Future Fund, which is designed to meet Australia's growing public sector pension liabilities and spend budget surpluses, acquired a large part of Birmingham's Bullring shopping centre for GBP210mn. Also, sovereign wealth funds (SWFs) from the Gulf (specifically the UAE and Oman) and wealthy individuals from the Middle East were responsible for a quarter of UK high-end commercial

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