ADIA tops list of global property investors

Global_propertyTwo Middle Eastern sovereign wealth funds are among the top five real estate investors in the world. The Abu Dhabi Investment Authority (ADIA), which has a $62 billion real estate investment portfolio, topped the list, while the Qatar Investment Authority (QIA), with $35 billion in real estate investments, came fifth. In between ADIA and the QIA were institutional investors in Netherlands (ABP), Germany (Allianz) and France (Axa), according to a research report from Credit Agricole’s IndoSuez Wealth Management and IPE Real Estate. ADIA’s real estate portfolio, which includes the $2 billion-plus residential Waterline Square development on New York’s Hudson river, represents 7.5% of its total assets under management, said the report. The fund's move into property reflects a trend for Mena-based sovereign investors to embrace a more diversified strategy and reduce their dependency on oil-related wealth. The QIA’s real estate investments include London skyscrapers such as The Shard and Canary Wharf. In total, Mena-based sovereign wealth funds make up 26% of the largest institutional real estate investors, an increase on previous years, according to the report. “Emerging market institutional investors have become more prominent real estate investors in the global arena in recent years helped by a growing middle class and wealth in large swathes of the emerging world,” said Victoria Scalogne, senior real estate analyst at Indosuez. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.