Insurers favor warehouse investments over offices as pandemic hastens real estate shifts

By Suzanne Barlyn


(Reuters) - Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said.


The pandemic is hastening a shift among insurers to exchange "undesirable" real estate investments, which also include retail properties, such as store fronts, for investments in...