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.
With most asset classes continuing to struggle though the pandemic, specialist bridge financing fund Whitehall Capital Management Limited (Whitehall Capital) continues to buck the trend.
After a few weaker years, the market for German closed-ended property funds is growing, almost at a rapid pace in the last year, with an analysis of Bundesbank statistics revealing that it rose by around 13 per cent in 2019.
Property funds enjoyed a month of relative respite in January, according to the latest Fund Flow Index (FFI) from global funds network Calastone.
The real estate multi-family office PAMERA Real Estate Partners (PAMERA) increased its assets under management by over EUR100 million in 2019 to more than EUR600 million.