Safe bet? Sovereign funds rethink once-reliable real estate [Reuters]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: Reuters
Safe bet? Sovereign funds rethink once-reliable real estate LONDON (Reuters) - The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable. With prime office blocks lying empty around the world, hotels half-vacant and retailers struggling to stay afloat, the funds are retreating from many of the real estate investments that have long been a mainstay of their strategies. Sovereign wealth funds (SWFs) invested $4.4 billion in the sector in the first seven months of 2020, 65% down from the same period a year ago, according to previously unpublished data provided to Reuters by Global SWF, an industry data specialist. The nature of property investments is also shifting, with funds increasingly investing in logistics space, such as warehousing, amid a boom in online commerce during the pandemic, while cutting back on deals for offices and retail buildings. Such shifts in behaviour can have seismic effects on the global real estate market, given such funds are
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JLL
Earnings
- 2/27/24 - Beat
JLL
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- JLL's page on the SEC website