Global real estate is set to attract about €64.6 billion ($78.9 billion) in investments this year, with European real estate set to gain the lion's share of institutional investor commitments.

The 2021 Investment Intentions survey, published Wednesday by the European Association for Investors in Non-Listed Real Estate Vehicles, the Asian Association for Investors in Non-Listed Real Estate Vehicles and the Pension Real Estate Association, said institutional investors intend to put a minimum of €55.4 billion in assets into global real estate, with funds of funds expected to invest €9.2 billion.