German institutions head for resi – The Property Chronicle
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German institutions head for resi

The Fund Manager

A recent survey by valuation and research specialists Wüest Partner Germany provides useful insight into the range of real estate funds currently available for German institutional investors – and highlights the weighting given to German asset-dominated funds in the broad range of investable products.

The survey examined German open-ended special funds as well as Luxembourg vehicles, investment KGs, funds of funds and individual club deals that were still open to other investors at the time of the survey. The survey participants were 100 national and international investment managers with products suitable for German institutionals, with the survey being carried out between June and end-August of this summer.

The fund universe that is theoretically open to German institutionals consists of 264 investable funds. Of these, 64 are German funds and 58 European, while there are more than 50 funds focusing on the US.

Across asset categories, residential funds dominate, followed by office, logistics and retail fund products. In figures, with 118 funds and representing the largest group are diversified funds across several asset classes. Among the sector-specific funds, residential dominates with 51 funds. 

The top potential returns are in European residential funds with an IRR 5.2% target yield






The Fund Manager

About Charles Kingston

Charles Kingston is the Publisher and Editor-in-Chief of REFIRE, a specialist newsletter and website focused on German real estate for institutional investors. Based in Berlin, he has lived in Germany for 30 years, and can look back on a varied career including stints working for the Financial Times, the DeAgostini Group, the Toronto Globe and Mail, and as a proprietary derivatives trader. A native Dubliner, he graduated with a degree in Business from University College Dublin, and subsequently pursued post-graduate studies in real estate finance at the University of Middlesex.

Articles by Charles Kingston

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