Nordrheinische Arzteversorgung (NAEV), the EUR 8.5 bn German doctors' fund, plans to overhaul its property investments by cutting its direct real estate holdings in Germany. According to IPE Real Estate, the fund's property portfolio is currently split between its direct domestic real estate holdings, valued at EUR 675 mln, and investments in domestic and foreign real estate companies, foreign REITs, property shares and Immobilien-Spezialfonds (ISF), the specialist German vehicle for institutional investors.
Premium subscriber content – please log in to read more or take a free trial.
