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Savills IM setting up more funds to tap demand

New funds focus on Europe, Norway, Japan and Asia; Savills IM manages 15 billion euros of assets in Europe and Asia-Pacific

Published Sun, Mar 12, 2017 · 09:50 PM

Real estate

Singapore

DESPITE lower returns becoming a new norm across asset classes, Savills Investment Management is sanguine about demand for real estate investments and is raising several funds this year to tap that demand.

These include two European-centric funds of about one billion euros (S$1.5 billion) each, a Nordic fund of 500 million euros, a Japan fund of more than S$600 million and an Asian fund of about US$1 billion in targeted gross sizes.

Kiran Patel, global chief investment officer at …