Asset owners in Asia target European residential property

Investors in Asia have been looking to allocate further into Europe whether through direct or indirect investment, particularly in residential assets as the future of the traditional office remains uncertain. In the six months to September this year, Asian investors allocated $447 million to the sector, compared with $223 million in the whole of 2020, according to real estate data firm Real Capital Analytics. Over this period, allocations to residential real estate comprised 9% of…