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SWFS Target Global Property.
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- Abstract:
This article reports that data released in December 2008 by the British property advisors, CB Richard Ellis (CBRE), shows that the billion-dollar state-backed sovereign wealth funds (SWFs) will increase their exposure to real estate from four to seven percent by 2015. This means they will have bought between 15 and 20% of all international property within the next seven years, according to CBRE. Their stake will be worth an estimated $725 billion. It says that most of these SWFs are from the Arab oil-producing countries, China and Singapore.
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