German open-ended real estate funds have boosted their investment in foreign countries to 70.3% at end March 2009 from 68.6% a year earlier, according to figures from BVI Bundesverband Investment und Asset Management, the sector organisation for the German investment and asset management industry. The funds' home market Germany now accounts for 29.8% of the total compared to 31.4% in the year-earlier period.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
