Abu Dhabi’s ADIA said to review property strategy
- Date: 15-Jun-2021
- Source: Zawya
- Sector:Real Estate
- Country:UAE
Abu Dhabi’s ADIA said to review property strategy
RIYADH: The Abu Dhabi Investment Authority (ADIA), one of the world's biggest property investors, is considering changes to its real estate strategy after some of its major holdings suffered during the pandemic, Bloomberg reported citing people with knowledge of the matter.
ADIA may consider cutting its exposure to some troubled sectors, the people said, asking not to be identified.
The state-owned sovereign wealth fund has been making more direct property investments in recent years, and has amassed just under $700 billion in assets, according to estimates from data provider Global SWF.
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