Japan’s £1tn Government Pension Investment Fund has appointed CBRE Global Investment Partners as its first global real estate investment manager.
GPIF, the world’s largest pension fund, has recently started to push into alternative assets and CBRE GI’s appointment marks a major step towards Japan investing billions into real estate globally.
Last year, the fund was given approval to invest up to 5% of its total portfolio in alternative assets – infrastructure, private equity and real estate – which means it could put as much as £50bn into those sectors.
It has already started investing in real
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