QBE’s interest in European real estate builds

By February 21, 2018 No Comments

Australia’s largest global insurer, QBE, is increasing its exposure to European property and favouring unlisted core funds in its global property portfolio, treating them as a “bond diversifier” that will deliver a steady income stream, rather than as a growth asset.

QBE began its global real estate investment program about five years ago explains Gavin Mork, QBE’s manager, property and alternatives, but for reasons different from other institutional investors, such as superannuation funds.

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