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BNP Paribas REIM SGR and Gallerie Commerciali Italia Spa set up a EUR700 mln reserved fund

Posted on 09 July 2012 by Laxman  |  Email |Print

BNP Paribas REIM SGR p.A. and Gallerie Commerciali Italia Spa (GCI), a company of the Auchan group, have sealed an agreement to set up the ‘Prime Shopping Value’ closed-end real estate fund under Italian law.
GCI will contribute 15 retail properties (13 shopping centers and two retail parks) to the fund, distributed throughout Italy and characterized by rent contracts with high-standing operators and retail chains. The operation, worth about €700 million, will be concluded once the Fund’s shares have been allocated to institutional investors………………………………………..Full Article: Source

India: Real estate funds clock high returns

Posted on 09 July 2012 by Laxman  |  Email |Print

Real estate funds have been investing in India for more than six years. They started investing into the Indian markets after the release of Press note 2 in 2005 which opened up construction and development for FDI.
Institutional investment into the real estate was on a roll. Many of these funds who invested at that point in time are now heading for maturity and are exiting their prime investments. Foreign funds who invested into the Indian markets found it much tougher to operate as compared to their Indian counterparts………………………………………..Full Article: Source

The case for real estate in a Portfolio

Posted on 06 July 2012 by Laxman  |  Email |Print

Here’s something that might surprise you: Despite all of the doom and gloom surrounding real estate in recent years, funds focused on U.S. real-estate securities have performed exceedingly well.
Such funds trumped all other categories of stock funds over the three years through June, returning an average 31.4% annually, including 14.2% so far this year, according to Morningstar Inc. Global real estate also has fared well, if less spectacularly, with a three-year average of 16%………………………………………..Full Article: Source

Norway’s SWF adds $340mln of property to portfolio

Posted on 06 July 2012 by Laxman  |  Email |Print

The Norwegian Government Pension Fund Global, Norway’s international sovereign wealth fund, today (July 5) agreed to purchase 50% stakes in five properties in Paris, France, for a total of €275 million ($340 million).
The purchases are part of an effort by the fund to diversify its portfolio, following a mandate from the Norwegian government to increase the share of assets devoted to real estate to 5%. A spokeswoman for the Norges Bank, which manages the fund through its investment arm, said that only 0.3% of the fund was invested in real estate at the end of 2011………………………………………..Full Article: Source

Nordic property funds resilient, says IPD

Posted on 29 June 2012 by Laxman  |  Email |Print

Unlisted property funds in the Nordic region collectively stood out in the first quarter of 2012 as the top ranking market among the regional fund groupings tracked by property index maker IPD.
Quarterly total return of 3% beat the IPD Australian, German, UK and Pan-European fund indices. Income distribution yield stood at 4.3% on an annualised basis………………………………………..Full Article: Source

Fortress said to target $1 bln for Japan property fund

Posted on 28 June 2012 by Laxman  |  Email |Print

Fortress Investment Group LLC (FIG), the investment company overseeing $46.4 billion, wants to raise $1 billion for a Japanese property fund by the end of the year, two people familiar with the plan said.
The company’s second Japan Opportunity Fund, which invests in assets including real estate debt, is in the process of buying $200 million of debt from Japanese and foreign banks with a total principal balance of $1.3 billion, said the people, who requested anonymity because the information is private………………………………………..Full Article: Source

Property funds raise EUR 6bln in May - Indirex

Posted on 21 June 2012 by Laxman  |  Email |Print

Property real estate funds raised $7.5 bn (just under EUR 6 bn) in global capital commitments in May, according to figures published by Indirex, an online community for non-listed real estate funds. Although 27 new fund-raising announcements were made, only 12 reported equity volumes raised.
The majority of the commitments were in the US (55%), with the pan-global TIAA-CREF Global Agriculture Fund raising $2 bn to invest in agricultural land………………………………………..Full Article: Source

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Europe: Non-listed fund returns edge up in Q1: INREV

Posted on 20 June 2012 by Laxman  |  Email |Print

Total returns on non-listed funds increased slightly to 0.5% in the first three months of 2012 from 0.4% in the previous quarter, according to the latest figures from the European Association for Investors in Non-listed Real Estate Vehicles INREV.
Capital growth remained negative but increased to -0.2% in Q1 2012 from -0.8% in the final quarter of 2011, driven by increased returns in Continental Europe (up at -0.2% from -1.3% over the same period)………………………………………..Full Article: Source

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Portuguese property funds deliver positive returns in March

Posted on 20 June 2012 by Laxman  |  Email |Print

Portuguese property investment funds delivered an annual total return of 0.8% in March 2012, a slight decrease compared to the annual return of 1.2% recorded at the end of 2011, according to the APFIPP/ IPD Portugal Property Fund Index.
Overall, the index continued to benefit from the positive behaviour of the open-ended funds, which delivered an annual total return of 1.8%, while the closed-end funds remained in negative territory with an annual return of -1.6%, IPD said………………………………………..Full Article: Source

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INREV: German open-end funds receive vote of confidence

Posted on 15 June 2012 by Laxman  |  Email |Print

Institutional investors and fund managers in German open-end funds (GEOFs) remain surprisingly positive about these vehicles, despite the imminent introduction of the AnsFuG legislation, according to recent research by INREV.
The AnsFuG reforms, which are due to come in to effect in January 2013, will introduce a 24-month ‘lock-up’ period, a notice period of 12 months for the redemption of fund units, and a cap on the debt ratio of 30% for all GOEFs………………………………………..Full Article: Source

P-E has too much money to spend on homes

Posted on 14 June 2012 by Laxman  |  Email |Print

Funds planning to invest more than $6 billion to buy and rent foreclosed homes are finding it easy to raise money. The difficulty is spending it.
The number of low-cost foreclosed homes coming to market has dropped, bulk sales have been slow to materialize and prices are recovering in markets such as Phoenix, making it hard for private-equity firms, hedge funds and pension systems to buy as many homes as they need………………………………………..Full Article: Source

IPD and PREA to launch US property fund index

Posted on 12 June 2012 by Laxman  |  Email |Print

The Pension Real Estate Association (PREA) and Investment Property Databank (IPD) have agreed to co-sponsor a US Property Fund Index that will measure real estate investment performance for open-ended, commingled funds.
The index will encompass the entire risk spectrum of core, value-add and opportunistic strategies, as well as both diversified and sector-specific funds………………………………………..Full Article: Source

German real estate funds are liquidating

Posted on 06 June 2012 by Laxman  |  Email |Print

German real-estate funds facing redemption demands from investors are planning to liquidate about €20 billion ($25 billion) in assets, a move that could put pressure on property values in markets throughout Europe.
In recent weeks, Credit Suisse and Kan Am Group announced they would liquidate funds with €5.6 billion and €3.6 billion in assets, respectively, including office buildings, shopping centers and other properties in France and Germany……………………………………….Full Article: Source

Nordic property fund returns continue to improve: IPD

Posted on 06 June 2012 by Laxman  |  Email |Print

Nordic property fund returns continued to improve in the first quarter of 2012, delivering 3%, compared to 1.4% in the last three months of 2011, according to the latest IPD Nordic Property Fund Index (NPFI).
The index revealed a 5.4% return in the last 12 months, a significant slowdown on the 16.5% delivered for the same 12 month period in 2011 and in stark contrast to the negative 34.9% for the same period in 2009. The four year average for the index is a negative 5.0%………………………………………..Full Article: Source

Pan-European funds see returns weaken in Q1: IPD

Posted on 05 June 2012 by Laxman  |  Email |Print

Pan-European property funds recorded total returns at net asset value of just 0.1% in the first quarter of 2012, according to the IPD Pan-European Quarterly Property Fund Index. This resulted in a 12-month return to March 2012 of 2.1%; the lowest in nearly two years.
Although the underlying direct real estate returns were stronger, at 0.9% for the quarter and 5.9% for the last 12 months, they also represented a deterioration on previous quarters………………………………………..Full Article: Source

Schroders eyes property loans market

Posted on 05 June 2012 by Laxman  |  Email |Print

Fund manager Schroders is in early stage talks to enter the real estate lending market, the Financial Times reported in its Tuesday edition.
The newspaper cited sources familiar with its thinking as saying Schroders has not yet decided on the size of the lending platform………………………………………..Full Article: Source

IPD: Weakening of pan-European returns in Q1, as expected

Posted on 04 June 2012 by Laxman  |  Email |Print

Total returns at the NAV level for pan European funds slowed to just 0.1% in the first quarter of 2012, resulting in a 12 month return to March of 2.1%, their lowest in nearly two years.
Although the underlying direct real estate returns were stronger, at 0.9% for the quarter and 5.9% for the last 12 months, they also represented a deterioration on previous quarters. This weakening of performance could have been expected given the Eurozone debt crisis and the slowing of economic growth, and is in sharp contrast to the stronger performance in the US and Australia………………………………………..Full Article: Source

Italian property fund industry sees fresh wave of consolidation

Posted on 04 June 2012 by Laxman  |  Email |Print

Italy’s property fund management industry has embarked on a fresh wave of consolidation as it struggles to survive amid reduced investment and fund-raising activity.
In late April, Italian investment and fund manager Castello acquired RREEF’s Italian property fund business, RREEF Fondimmobiliari, adding nearly EUR 500 mln to its assets under management. The takeover was an opportunistic move at a time when Deutsche Bank is seeking a sale of its entire asset management arm, RREEF………………………………………..Full Article: Source

Italian properties coming to market

Posted on 30 May 2012 by Laxman  |  Email |Print

Italy is likely to see a wave of commercial property sales this year, as selloffs by the Patrimonio Uno real-estate investment fund move to a higher gear.
Patrimonio Uno is a closed-ended fund that was set up in 2005 to buy 75 assets from the Italian government. The fund’s shareholders include insurers Assicurazioni Generali SpA and Allianz, and French investment bank Natixis SA………………………………………..Full Article: Source

New Sebi norms to hit real estate funds

Posted on 25 May 2012 by Laxman  |  Email |Print

Market regulator Securities and Exchange Board of India’s [ Images ] norms for alternative investment funds are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors.
Early this week, Sebi notified AIF regulations for private equity, hedge funds, venture capital funds and real estate funds, among others. The norms say the funds should not have more than 1,000 investors and the minimum investment amount should not be less than Rs 1 crore (Rs 10 million)………………………………………..Full Article: Source

Strong yields at UK commercial property

Posted on 24 May 2012 by Laxman  |  Email |Print

UK Commercial Property won the Best Property Fund category of this year’s Investors Chronicle fund awards. Performance has also been strong, with the shares up 4 per cent over five years and the portfolio value roughly flat.
This is all the more impressive because the company was only launched in 2006, with a further capital raising in 2007, so its assets were bought at near-peak valuations………………………………………..Full Article: Source

German property fund CS Euroreal to be unwound

Posted on 22 May 2012 by Laxman  |  Email |Print

Credit Suisse Asset Management plans to unwind its German real estate fund CS Euroreal, worth close to 6 billion euros ($7.6 billion), because it does not have sufficient liquidity to pay back investors.
“The demands for redemptions far outweighed the original expectations. Therefore there is no alternative to liquidation,” fund manager Karl-Heinz Heuss said on Monday………………………………………..Full Article: Source

CS Euroreal Investors spark liquidation of $7.6 bln fund

Posted on 22 May 2012 by Laxman  |  Email |Print

Credit Suisse Group AG (CSGN) plans to liquidate its 6 billion-euro ($7.6 billion) German property mutual fund after investors tried to withdraw more money than the fund has available.
CS Euroreal will be wound up within five years, the Zurich- based bank’s German property-management unit said in a statement today. Two weeks ago, SEB Asset Management AG said it will liquidate a real-estate fund of about the same size because it couldn’t meet demand for repayments………………………………………..Full Article: Source

Australia’s $1.4 trillion pension funds chase property assets

Posted on 15 May 2012 by Laxman  |  Email |Print

Australian pension funds, managers of about $1.4 trillion in assets, plan a property buying binge that may drive up prices, as new laws force employers to increase contributions to retirement savings programs.
Construction and Building Union Super and AustralianSuper plan to double investments in offices, malls and retirement villages, seeking income-producing assets that have potential to rise in value………………………………………..Full Article: Source

Invesco Real Estate invests in two logistics properties in Germany and Sweden

Posted on 14 May 2012 by Laxman  |  Email |Print

Invesco Real Estate (IRE), the global real estate investment manager, is pleased to announce the acquisition of two modern logistics properties in Cologne, Germany and Norrkoping, Stockholm for ca. €83 million for one of its pan-European fund mandates.
The first acquisition is a 29,500 m² logistics center in Frechen near Cologne, Germany, which was built in 2006 and extended at the end of 2011. The asset is strategically located close to the A1, one of Cologne’s principal national motorways………………………………………..Full Article: Source

Credit Suisse to reopen EUR6bln property fund for 3 days

Posted on 11 May 2012 by Laxman  |  Email |Print

Credit Suisse has announced it will be reopening its €6 billion real estate fund for three days as it reaches the end of its two-year closing period.
In a move mirroring that of German group SEB, who reopened their ImmoInvest fund for one day on April 30, the CS Euroreal property fund will reopen on May 18 for three days only………………………………………..Full Article: Source

Whitehall eyes Barclays’ German properties

Posted on 11 May 2012 by Laxman  |  Email |Print

German real estate group GSW and its former owner Whitehall Funds are bidding just over 1 billion euros (803 million pounds) for a German real estate portfolio owned by Barclays, two people with knowledge of the matter said.
Real estate group Deutsche Wohnen is also bidding for the 21,000 flats in the portfolio which is known as Baubecon, said the people, confirming a report in German newspaper Financial Times Deutschland……………………………………….Full Article: Source

German property fund SEB ImmoInvest to be unwound

Posted on 08 May 2012 by Laxman  |  Email |Print

In order to safeguard the interest and equal treatment of all the fund-holders in SEB ImmoInvest, it has been decided that SEB ImmoInvest will be dissolved at the latest as of 30 April 2017. SEB ImmoInvest, a German real estate fund with 132 property investments and total assets of EUR 6bn, is managed by SEB’s asset management company in Germany, SEB Investment GmbH.
SEB ImmoInvest has since it was launched in 1989 been one of the best performing German real estate funds with an average annual return of 5.2 per cent. Following the dislocations in the markets during the financial crisis in 2008 and 2009, the liquidity in the fund was hampered. Thus, in order to safeguard the equal treatment of all fund holders, SEB ImmoInvest was closed for redemptions in May 2010, just as the case for many other German real estate funds . (Press Release)

Germans lead cross-border dealmaker ranking in Benelux

Posted on 03 May 2012 by Laxman  |  Email |Print

Germans fund managers were the largest cross-border investment group in the Benelux region last year.
Data compiled by PropertyEU Research indicates the Germans accounted for EUR 660 mln of investment in the Netherlands in 2011. This represents 29% of the total EUR 2.3 bn of large deals in the market. ……………………………………….Full Article: Source

Investment in pan-European funds revives: IPD

Posted on 02 May 2012 by Laxman  |  Email |Print

Pan-European property investment funds have been investing strongly in a number of key national markets over the last two years, albeit at levels considerably below those seen in the late 2000s, new research from IPD shows.
Through 2011, the lion’s share of net investment by pan-European funds was allocated to the UK, Germany and Central and Eastern Europe. These three locations accounted for EUR 961 mln out of the total EUR 1.2 bn of net investment that such funds undertook during the year………………………………………..Full Article: Source

Germans lead cross-border dealmaker ranking in Benelux

Posted on 30 April 2012 by Laxman  |  Email |Print

Germans fund managers were the largest cross-border investment group in the Benelux region last year.
Data compiled by PropertyEU Research on transactions of large deals of EUR 20 mln and above indicates the Germans accounted for EUR 660 mln of investment in the Netherlands last year………………………………………..Full Article: Source

NBAD launches UAE real estate fund

Posted on 23 April 2012 by Laxman  |  Email |Print

National Bank of Abu Dhabi has launched a real estate fund in partnership with a Kuwaiti firm to seek investment opportunities in the UAE’s property sector, the lender said on Sunday.
NBAD, the UAE’s top bank by market capitalisation, has teamed up with Kuwaiti firm Gulf Investment Corp for the venture, which it plans to convert to a real estate investment trust (REIT) in the future………………………………………..Full Article: Source

Thai Pension Fund to invest in U.S., European properties

Posted on 20 April 2012 by Laxman  |  Email |Print

Thailand’s Government Pension Fund, which manages about $17.5 billion of assets, is planning its first investments in U.S. and European commercial properties for higher returns than those generated from domestic bonds.
The country’s third-biggest money manager will spend about $250 million this year buying the properties, Sopawadee Lertmanaschai, the agency’s secretary general, said in an interview at her office in Bangkok yesterday. The fund is selecting companies for advice on these investments, she said………………………………………..Full Article: Source

China’s top developers to set up fund of funds

Posted on 13 April 2012 by Laxman  |  Email |Print

China’s biggest property developers are pooling money for a real estate fund of funds to seek investment opportunities, according to Noah Holdings.
Evergrande Real Estate Group and Guangzhou R&F Properties are among developers that “expressed a strong interest” in investing in TOP50, a fund of funds being set up by Noah, a New York-listed provider of wealth management services, and E-House (China) Holdings, according to an emailed statement from Noah yesterday. It did not specify the size of the fund………………………………………..Full Article: Source

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Tamar sells assets in Sweden, France and Belgium

Posted on 11 April 2012 by Laxman  |  Email |Print

Tamar European Industrial Fund (TEIF) has sold two assets in Sweden and France and part of a third in Belgium for a total of £6.5 mln (EUR 7.8 mln).
The first asset, located in Helsingborg on the south west coast of Sweden, comprises a 1970s warehousing building of 10,375 m2. Virtually fully let, its three tenants include Puma and the Swedish Post Office, with lease expiries in 2013 and 2015………………………………………..Full Article: Source

German funds set to release billions worth of assets in market squeeze

Posted on 10 April 2012 by Laxman  |  Email |Print

A ’substantial volume’ of good-quality assets is set to come up for sale in Germany as some of the beleaguered German open-ended funds liquidate their portfolios. One of the more publicised disposals is the Quartier Potsdamer Platz property portfolio that SEB is marketing in Berlin.
SEB is seeking to sell a 50% stake in the portfolio which it acquired in 2008 for EUR 1.4 bn………………………………………..Full Article: Source

Europe: Goldman Sachs eyes $3 bln property debt fund

Posted on 03 April 2012 by Laxman  |  Email |Print

A private equity arm of Goldman Sachs is looking to launch a $3 billion (1.87 billion pounds) property debt fund in a bid to take advantage of a growing shortage of real estate financing across the UK and Europe, British newspaper the Times said on Monday.
Real Estate Principal Investment Area (REPIA) is exploring options to create a fund that would provide senior and mezzanine loans to property investors, and will target property lending that is riskier but which would offer higher potential returns, the Times said without citing sources………………………………………..Full Article: Source

Savills: European investment: opportunistic vs. core funds but who will buy in the middle?

Posted on 02 April 2012 by Laxman  |  Email |Print

According to Savills’ latest European investment bulletin, core funds remain acquisitive for the right product and the weakness of European currencies are attracting opportunistic investors including North Americans, but the firm questions which parties will fill the middle ground?
Tristam Larder, Director of Savills cross border investment team, says: “Opportunity funds can’t base their business models off future yield compression, they need active asset management angles……………………………………….Full Article: Source

Mezz funds need to curb return demands in the Nordics

Posted on 02 April 2012 by Laxman  |  Email |Print

New mezzanine finance funds targeting the Nordics to take advantage of tight bank financing may find their return expectations make them too expensive, panellists told PropertyEU’s Investment Briefing on the Nordic markets in London last week.
‘There are a number of mezzanine funds being raised or in the process of being raised. Their current return expectations make them expensive, ‘ said Anders Tagt, managing director at Deutsche Pfandbriefbank………………………………………..Full Article: Source

Goldman bets on property rebound with new fund: Mortgages

Posted on 30 March 2012 by Laxman  |  Email |Print

Goldman Sachs Group Inc, which survived the subprime mortgage crisis by making bets on a housing decline, is raising money for a new fund that will buy home-loan bonds to benefit from an improving real-estate market.
The U.S. Housing Recovery Fund, which is expected to finish its first round of capital raising and open April 1, will focus on senior-ranked securities without government backing, many of which now carry junk credit grades, according to a marketing document obtained by Bloomberg News………………………………………..Full Article: Source

Asia preferred by investors in non-listed real estate funds

Posted on 28 March 2012 by Laxman  |  Email |Print

Investors in non-listed real estate vehicles will allocate more to funds in Asia than to funds in Europe, according to a comparison of the two markets carried out by INREV.
The European Association for Investors in Non-Listed Real Estate Vehicles and its sister organization, ANREV – the Asian Association for Investors in Non- Listed Real Estate Vehicles………………………………………..Full Article: Source

C&W: Senior debt funds to emerge on European lending landscape in 2012

Posted on 26 March 2012 by Laxman  |  Email |Print

The arrival of senior debt funds in the European real estate market could provide welcome new sources of liquidity as the banks continue their retreat and focus on the ongoing need to deleverage; according to Cushman & Wakefield’s latest European Real Estate Lending Survey 2012.
For the survey, 78 leading global real estate finance providers were interviewed to assess the level of appetite for lending and to identify the trends that will shape the European finance market in 2012………………………………………..Full Article: Source

U.S. investors commit nearly $1 bln to Brazilian real estate in new fund

Posted on 22 March 2012 by Laxman  |  Email |Print

It wasn’t that hard to convince 24 institutional investors to commit a total $810.2 million to Brazilian real estate projects in São Paulo and Rio de Janeiro states. With that under their belts, GTIS Partners, a global real estate investment firm, just raised the largest amount of funding by any foreigners buying Brazilian properties.
GTIS Partners in New York City closed its newly created GTIS Brazil Real Estate Fund II on February 24………………………………………..Full Article: Source

IPD launches European benchmark for cross-border property funds

Posted on 21 March 2012 by Laxman  |  Email |Print

IPD has launched a new benchmark for pan-European funds it claims will boost investor confidence by making explicit differences in fund and asset-level performance.
The 16-fund index comprises open-ended funds with 490 assets under management totalling €11.2bn………………………………………..Full Article: Source

Europe: Property funds maintain momentum across borders

Posted on 21 March 2012 by Laxman  |  Email |Print

Cross-border European property funds continued their recovery in 2011, spurred on by underlying direct property market returns of 6.8%, according to the latest IPD Pan-European Property Fund Index figures.
The fund index returned 4.1% through the past year. This was the second year of positive returns, IPD said………………………………………..Full Article: Source

Property portfolio returns 8pct at Finnish pension provider Etera

Posted on 21 March 2012 by Laxman  |  Email |Print

Etera, the Finnish mutual pension provider, posted negative returns of 2.3% last year driven by volatile equity markets, but saw its real estate portfolio rebound from returns of 0.7% to nearly 8%.
Jari Puhakka, the mutual’s director of investments, said a modified investment strategy had allowed its solvency level to remain stable year-on-year despite the “market shock” witnessed in 2011’s third quarter………………………………………..Full Article: Source

Swedish funds turn in stellar performance: IPD

Posted on 20 March 2012 by Laxman  |  Email |Print

Swedish funds turned in the best performance last year of those included in IPD’s Pan-European Property Fund Index. While cross-border European funds delivered an investor return of 4.1% in 2011, Swedish funds generated gains of 14.6&.
The pan-European result reflected strong underlying direct property market returns of 6.8%, IPD said……………………………………….Full Article: Source

German open-ended real estate funds: the gap is widening

Posted on 19 March 2012 by Laxman  |  Email |Print

While German open-ended real estate funds as a whole returned 0.1% in February, returns on funds with a global focus dropped to -0.4%. This drop was mainly caused by weak returns from those funds which are in liquidation. These results are taken from the recently published OFIX-monthly report for February 2012 by IPD Investment Property Databank GmbH.
Poorly performing funds pull down the index: “The gap between the good and poor-performing funds is widening,” says Sebastian Gläsner, Head of Fund Services at IPD in Germany………………………………………..Full Article: Source

German pension funds more interested in infrastructure than real estate

Posted on 14 March 2012 by Laxman  |  Email |Print

German pension funds are looking for opportunities in infrastructure investments as prices in the real estate sector have already “rallied too far”.
Daniel Just, head of asset management at the €53bn Bayerische Versorgungskammer (BVK), told IPE he had “lost appetite” for most real estate investments, as prices had “rallied extremely” in sectors such as direct German real estate, Spezialfonds abroad and real estate funds of funds in specialist sectors………………………………………..Full Article: Source

Europe: INREV: Quality of underlying assets drives investment strategies in non-listed real estate funds sec

Posted on 13 March 2012 by Laxman  |  Email |Print

Investors at INREV’s recent Cannes Seminar on the growing menu of alternative non-listed products said that the quality of underlying assets is the key driver behind their non-listed real estate investment strategies.
Investor interest in alternative products – such as JVs, club deals, real estate debt funds and infrastructure funds - has soared in the wake of continuing economic turmoil. But investors still consider assets ahead of the type of alternative product they select to invest in………………………………………..Full Article: Source

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