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
IVG to boost funds after departure of board member
Germany's IVG is to launch a number of new real estate funds in the next few months, many theme-oriented such as the Green fund just introduced, says CEO Gerhard Niesslein. It will invest at 25% or more of equity and set high value on aligning interests with institutional investors. Niesslein is to take over responsibility after departure of funds board member Georg Reul. It has had complaints over fund management in recent months; several institutions have threatened to withdraw. But Niesslein said: "We may be the largest fund manager but it's a well known fact we have not been leading in customer satisfaction. The key now is to boost interraction with our clients, and to go out and talk to them about what we are doing." (See upcoming PIE Editions for full story)