As the credit crunch continues to tighten its hold on European real estate markets, some European investors - including Germany's open-ended funds - are increasing their bets on Asia and Latin America. Germany's open-ended real estate funds have put the valuations scandals of 2005 behind them to re-emerge as major players in global markets - with very deep pockets to boot. Many such funds are targeting Asia, in particular, due to strong demand for office space on the part of international companies, which is fuelling institutional interest.
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