Germany's open-ended property funds (GOEFs) have an extremely youthful real estate profile, according to the results of a survey carried out by fund industry body BVI. One-third of the funds' properties are younger than five years, while close to another third are between five and 10 years old. Around 80% of properties are 15 years or younger, according to the survey, which was carried out at end-September 2010.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
