German open-ended funds (GOEFs) are set to turn the corner earlier than expected after imposing a mass lockdown on redemptions in October last year to stem outflows, according to property adviser CB Richard Ellis. CBRE bases its claim on a number of ‘favourable developments’, including the early reopening of SEB’s ImmoInvest fund and strong inflows into the funds in April.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
