09.10.2008 - Falling property prices sees European funds’ lives extended
From Property Week: Fund managers are opting to extend the lives of their European non-listed property funds rather than sell assets into a falling market, a survey by the European Association for Investors in Non-listed Real Estate Vehicles (INREV) has shown. Of the funds due to terminate between 2008 and 2010, 29% are planning to liquidate compared with 52% in 2007, INREV’s Fund Termination study for 2008 said. In comparison, 59% of fund managers are planning to continue the life of their funds..... Full Article: Source