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
IPD says Italian 2008 property fund returns fractionally positive
Italian property funds returned a negative 1.8% in the six months to December, the first loss since records began, according to the Investment Property Databank. The IPD Italian Pooled Property Fund Indices still posted positive returns over the full year of 0.6%, albeit far below 9.6% returned in 2007. The returns are significantly milder than elsewhere in Europe owing to an overall better trading environment, IPD noted. The Italian PPFI fund universe, comprises 16 blind and 15 seeded funds with a combined net asset value of e8.45bn.