Big sovereign funds spent €5.5b in Europe in 2013, according to London-based adviser Savills.
Big sovereign funds spent €5.5b in Europe in 2013, according to London-based adviser Savills.
The figure marks a 30% jump on the 2012 spend of €4.2 mln, the adviser said.
´Sovereign Wealth Funds tend to favour low risk, core assets and will usually only target investments of at least €200 mln, which limits the markets in which they are active due to lack of suitable stock,´ said Marcus Lemli, head of European investment at Savills.
´However, we have seen this investor type broaden its investment spectrum, looking for value in non-core deals as well as smaller lot sizes.´
Savills looked at spending in Belgium, France, Germany, Ireland, Italy, the Netherlands, Poland, Spain, Sweden and the UK by five large sovereign wealth funds from the Middle East and Asia Pacific.