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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
RREEF's German OEF has 4% performance, 34% liquidity
Deutsche Bank's German alternatives unit RREEF Investment is to pay out E1.75 per certificate of its German open-ended real estate fund grundbesitz europa for financial year 2008/09, when the fund returned a 4% performance. The fund has total assets of E2.6bn, and liquidity on hand of E866m or nearly 34%. Separately, RREEF said its Spezial Invest unit acquired seven nursing home properties at a cost E95m for its Health Care I institutional fund. The German OEF grundbesitz europa in April 2008 introduced the new IC investment class for institutions with an investment amount of more than e1m, and this share is now 22% of total. (See upcoming PIE/PFE editions for full story)