French pension funds have shifted away from the local real estate market in recent years, seeing too many management constraints linked to the asset class and a relatively poor return on investment.
In spite of a recent study published by real estate analyst Investment Property Databank (IPD) showing that the French real estate sector was one of the most dynamic in Europe, with a return on investment of almost 10% in 2010, several French pension funds have been reluctant to invest in the market……………………………………….Full Article: Source