Canadian pension funds invested some $10bn in European, US and Australian property last year, according to research by DTZ. The most important transactions were made in Britain, Germany, France and Russia. DTZ said the trend towards investment abroad was a result of the funds’ need to invest directly in property and to generate a higher risk-weighed return.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
