Abu Dhabi Sovereign Wealth Fund is the World’s Top Real Estate Investor
ADIA is 1 of the richest sovereign wealth funds in the world managing $62.1-B in real estate assets.
Abu Dhabi Investment Authority (ADIA) is the #1 real estate investor in the world, a research report said, a sign of Gulf sovereign wealth funds (SWFs) growing their alternate investments portfolio.
SWFs in the Gulf have helped diversify their economies away from Crude Oil and invest in a wide range of non-Oil related assets.
ADIA, one of the richest sovereign wealth funds in the world, manages $62.1-B in real estate assets, Credit Agricole’s IndoSuez Wealth Management said in a research note Thursday.
That accounts for 7.5% of its total assets under management.
Qatar Investment Authority (QIA), with $35-B investments in real estate is ranked 5th after Netherlands, Germany and France.
“Not only have large institutional real estate investors become more ‘global’ in origin, they are investing more globally,” it said, citing data from IPE Real Assets.
“Institutional investors have been increasing their portfolio allocation to alternative investments including real estate,” it said, adding that real estate assets have helped provide a steady and diversified income stream to institutional portfolios as well as providing yield in the context of a low interest rate environment.
Some of ADIA’s current real estate projects include the $2-B-plus high-end residential Waterline Square development on New York’s Hudson River, the 200-M Euro deal with developer Bouygues Batiment lle-de-France for constructing a 38-story office tower in Paris and the Mall of Switzerland opened last November.
QIA’s real estate investments include a stake in Empire State Realty Trust, the owners of the Empire State Building, to skyscrapers in London such as The Shard, and Canary Wharf.
The IPE Real Estate list of top 100 real estate investors also underscored the arrival of new players mainly from the Middle East, Singapore, South Korea and China among the Top 20.
ADIA manages the reserves of the GCC’s UAE Emirate of Abu Dhabi, part of the UAE and which produces about 3% of the world’s Crude Oil output.
The fund manages $828-B in assets, according to the Sovereign Wealth Fund Institute, making it the world’s third- largest sovereign wealth fund
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