Pension fund managers remain supportive of commercial property and will continue to invest in the market.
Of the 200 surveyed by the Pensions Management Institute and Prupim, a quarter said they were actually prepared to increase their investment, Property Week has reported.
Prupim’s head of research, Professor Paul McNamara, described their decision as “a welcome vote of confidence from institutional investors”.
“These findings confirm the long-sighted nature of pension schemes as investors and it is reassuring to find that pension fund managers and trustees still see opportunities in both the UK and overseas commercial real estate markets over the next three years.”
Professor McNamara did however note that more investment was moving into overseas properties.
Half of those questioned planned to maintain their level of investment in UK commercial property and only 25 per cent said they would increase their spending.