The high price of risk

The real estate business needs a cash injection and it could 
not be said that pension funds 
in the CEE region do not have the means to do this. Nevertheless, the funds are 
in no hurry to splash out. 
And there are no signs that 
this is about to change Mladen Petrov The National Pension Service, the biggest pension fund in South Korea, has been on a shopping spree. The last purchase by the investor was the Sony Center building in the centre of Berlin. The price paid for the well-known office building was USD 768 mln. The Berlin purchase was not the first European investment of the fund, which already owns the HSBC headquarters in London and a 12 pct share in London Gatwick airport.Foreign pension funds are not hiding their interest in the European real estate market. They are one of the most active types of investor on the property m