More money flowed into German real estate funds in October 2006 than in any month since January 2005, according to new figures published by BVI, the association for the German investment fund industry. Real estate funds attracted assets from stock and bond funds for a second straight month, with net inflows in open property funds reaching EUR 529.6 mln in October, the BVI said.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
