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Wealth Fund ADIA Reviews Real Estate Plans as Pandemic Bites

  • Some malls, office investments have suffered during Covid
  • Several top property executives have left ADIA in past year
Updated on

The Abu Dhabi Investment Authority, 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 coronavirus pandemic, people with knowledge of the matter said.

The sovereign wealth fund is reviewing the performance of its property assets following weakness in a number of the shopping malls and office buildings in its portfolio, according to the people, who asked not to be identified because the information is private. ADIA may consider cutting its exposure to some troubled investments, the people said.