Just a note on some ‘recent news’: IVG launched a new private fund with EUR 248 M fully subscribed within 6 months. In today’s market, I think that is just a job well done.
Georg Reul, Board member in charge of funds business commented:
“Our placement success shows that private investors are very interested in investing in real estate in Europe, all the more so in financially difficult times. We are convinced that the demand for top-quality property in Europe will continue to grow in future. As a value investment with protection against inflation, real estate is the investment of choice.”
Damn German optimists… very well done.