Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

The Great Wall of Money 2017 Nordic Edition

Nigel Almond

Head of Data Analytics

Phone +44 203 296 2328

Contact me

Download the full report
On desktop to your local drive
On mobile, please download via your web browser

The Great Wall of Money has been tracking newly raised capital moving across global real estate markets since the onset of the financial crisis in 2009. In this Nordic edition, we focus on capital targeting the Nordics and consider implications for the region. The report relies on same sources and approach adopted in the main report.

This cycle continues to see an extraordinary level of capital targeting real estate. The pace of growth appears to have moderated globally but the Nordics are holding up with yet a high Wall of Money available for the region.

While core real estate strategies remain attractive in the Nordic region, demand outstrips supply. This has driven yields lower and challenges investors to achieve their desired returns. Unable to source core assets, investors are increasingly targeting secondary locations or assets, letting risk, development risk and/or redevelopment projects that create core assets in top markets. The ‘build-to-core’ strategy is expected to achieve higher returns than direct core investments with moderate risk levels.

We expect 2017 to be marked by ongoing competition to place capital and source attractive opportunities.