DUBAI: Fund raising was robust in 2014, institutions continue to allocate more money to direct real estate and emerging economies are relaxing the rules on the export of capital, according to an expert.
“Whilst there are challenges globally, from changing monetary policy, pivotal elections and lower GDP growth in China, we believe that the macro drivers of investment into real estate remain,” Arthur de Haast, Lead Director, International Capital Group, JLL, said.
JLL has been ranked number one financial advisor by number of real estate transactions by the Sovereign Wealth Fund Institute (SWFI), ahead of Macquarie, HSBC, Citigroup, Barclays and JP Morgan.
“Topping the SWFI league table for second half of 2014 is great testament to the hard work of JLL’s capital markets teams globally on behalf of clients. A key priority for us is to operate as one integrated team across borders, providing clients with a seamless service globally,” he said.
The SWFI, through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. In addition, fund commitments make up a minute proportion of the SWFI transaction database. For 2014, sovereign wealth fund and public fund transactions in real estate totalled US$44.5 billion versus US$30.1 billion in 2013.