Institutional investment in property should continue its upward trend in 2015, according to this year’s Investment Intentions Survey from INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, conducted along with industry associations ANREV and PREA.

European investors expect to increase their allocations to real estate from 12.3 percent to 12.6 percent. The region has the largest allocation to the asset class. Investors in Asia Pacific expect to increase allocations from 9.8 percent to 11 percent, while North American investors expect to increase allocations from 8.6 percent to 9.1 percent.

Some €19.2 billion, or 45.1 percent of global investment capital targeting real estate, has been earmarked for investment in Europe. The top destinations continue to be Germany, the United Kingdom and France, with German offices in particular a top target. In addition, Italy has moved up into eighth place, while Turkey has dropped out of the