Schroders Property Investment Management has launched two new funds of funds to enable investors to diversify beyond their national markets. The European Fund 1 will invest in unlisted property funds across Europe, while the Continental European fund 1 will be aimed primarily at UK investors but will exclude real estate in Britain.
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.
