Italian real estate funds attracted a record EUR 1.7 bn of investments in the second half of 2006, Assogestioni, the Italian association of investment fund managers, said on Tuesday. 19 new funds, including seven hedge funds, were launched in the last six months of 2006, raising the number of real estate funds in the country from 59 to 78. Some 28 new funds were created last year, with a combined value of EUR 2.6 bn.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
