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German real estate funds in the Euro crisis: solid returns in local markets

First quarter 2013 results for German institutional property funds (IPD/ BVI German Quarterly Spezialfonds Index) and German retail property funds (IPD German Monthly Open Ended Funds Index) stood at 0.3% and 0.0% respectively. In both groups of funds, those vehicles invested in Germany substantially outperformed European-targeted funds.Daniel Piazolo, Managing Director of IPD, said, “We now receive data at least quarterly for 152 German funds with a Net Asset Value of EUR 105 bn. We are therefore in a position to provide crucial insights into the performance of all real estate funds subject to German investment law”.

German institutional property funds focused on the domestic market produced a total return of 1.0% at the fund level...[…]