Savills IM setting up more funds to tap demand

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.