Public Investors Thirst for Industrial Properties

warehousesPublic investors are in search for stable cash flows and are willing to buy and hold industrial properties for the long-term. This property trend includes partnering or investing in real estate companies that possess expertise in institutional real estate. These real estate companies gain by shoring up their capital base. Earlier in 2012, the China Investment Corporation and the Canada Pension Plan Investment Board were involved with investments with Global Logistic Properties. Over to Europe, Prologis announced the closing of their €2.4 billion joint venture called Prologis European Logistics Partners Sarl (PELP) with Norges Bank Investment Management. The 50:50 joint venture acquired a portfolio of 195 Class-A logistics facilities wholly owned by Prologis.

In the United States, the California Public Employees’ Retirement System (CalPERS) has created a partnership with Bentall Kennedy to pursue U.S. core industrial properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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