30.08.2012 - German property at turning point, says top manager
Following a series of liquidations and increased regulation, German property funds can now expect a revival driven by new demand from institutional investors, said Ulrich Steinmetz, managing director at Deutsche Bank's property group RREEF. The most recent casualty in a series of property fund liquidations is the HANSAimmobilia fund which announced its liquidation last week citing increased regulatory risks, investor outflows and a worsening image of the asset class. The fund had seen its assets half over four years to 268 million...............................................Full Article: Source
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