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13 February 2012

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French OPCI real estate funds seen a success: 31 firms, e6bn assets under management

French OPCI real estate funds have proven a success, with 31 managers and 60 funds managing e6bn in assets, say sector specialists. Launched in October 2007 in two forms, the `lighter' version targeted at institutions has developed fastest. "The launch of the OPCI has unquestionably been a success," said Pierre Bollon from asset management association AFG, and Arnaud Dewachter, head of the Association for Real Estate Investment Companies.

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