Large investment funds eye office and data centre projects now interest rates are about to turn

Most are focusing on lending to logistics, data centres, multi-family rentals and the high-end office market. The office sector more broadly continues to struggle, deterring funds

Betting on real estate debt is not for the faint-hearted. The global commercial property industry, in particular offices, is still in the grip of its biggest slump since the 2007-2009 financial crisis.

Large investment funds have heightened their focus on office and data centre projects now interest rates are about to turn.

US fund firms PGIM, LaSalle and Nuveen, Canada's Brookfield and QuadReal, the UK’s M&G, Schroders and Aviva, and France's AXA all told Reuters they plan to increase their credit exposure to property.