PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
German open funds have e12bn spending potential as liquidity picks up fast - CBRE
Liquidity in German Open-Ended real estate funds has started to pick up, which implies as much as e12bn in new investment capacity if this continues, says CB Richard Ellis. GOEFs hold around e18bn in cash or immediately liquid assets but not all funds are in equally strong positions. Liquidity is high for three - Union Investment, DekaBank and Commerz Real - which have over e6bn to spend immediately. After net withdrawals in July of over e400m due to one-off redemptions from newly-reopened CS Euroreal and KanAm grundinvest, some that recently lifted suspensions such as SEB ImmoInvest and AXA Immoselect are experiencing positive inflows.