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.