PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
German property funds end year with inflows, 4.7% return despite depreciations
German open-end property funds posted a net inflow of e861m in December even into some of the 11 that remained closed, and partly offsetting the massive outflow of nearly e6bn in October and November. According to the Federal Investment Funds Association, gross asset value across all open-end property funds at year end was e84.2bn, down from e89.0bn 12 months earlier. Net capital flows over 2008 were e627m. This means the sector took a median devaluation of 6.1% on its gross assets.