Global insurers are looking to increase investments in commercial warehouses over office space, according to a Reuters report. Investments in office space have become riskier due to the increase in remote work during the coronavirus pandemic, Goldman Sachs Asset Management (GSAM) said.
The COVID-19 outbreak is pushing insurers to exchange “undesirable” real estate investments – including both office space and retail properties – for investments in warehouses, GSAM said.
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