Real estate funds of funds globally increased their total value of assets under management (AUM) to a record high of at least EUR43.4 billion at the end of 2020, marking the third consecutive year of growth, according to the ANREV/INREV/NCREIF Fund Manager Survey 2021.
FAP Group has recorded the largest individual investor commitment so far for the FAP Balanced Real Estate Financing I Fund, a EUR50 million contribution by a German insurer, which brings the equity volume to over EUR200 million in total.
Results from the latest INREV Pan-European Quarterly Asset Level Index reveal healthy performance by European non-listed real estate, with total returns reaching 1.35 per cent in Q1 2021.
Outflows from property funds intensified in May as Indian-variant Covid brought calls for extension to restrictions
Property funds suffered their second-worst outflow on record in May, according to the latest Fund Flow Index (FFI) from Calastone, the largest global funds network.
Property fund managers heaved a sigh of relief in April as outflows slowed by 86 per cent month-on-month. At -GBP81 million they were the lowest since September 2020, and a significant improvement from the record drop of -GBP576m in March.
Despite the outbreak of the Covid-19 pandemic, global real estate investment managers raised at least EUR123 billion (USD150.7 billion) of new capital for non-listed real estate in 2020, according to the Capital Raising Survey 2021, published by ANREV, INREV and NCREIF.
Outflows from real estate funds slowed sharply in January, according to the latest Fund Flow Index from global funds network Calastone.
LGIM Real Assets (Legal & General), on behalf of its Industrial Property Investment Fund (IPIF), has expanded its investment portfolio to over GBP2.5 billion following a string of deals, investing over GBP100 million in multi-let operational industrial assets and development sites across the UK.
Property funds suffered outflows of GBP1.1 billion in 2020, according to the latest Fund Flow Index from global funds network Calastone.
The Urban Splash Residential Fund – Urban Splash UK Residential LLP (USUKR) – has announced a third successful year of trading for the period ending March 2020.