Despite the raft of UK property funds that have either suspended redemptions or marked down the value of their fund in the past two weeks following the shock UK vote to leave the EU, comparisons to Germany’s open-ended fund crisis in 2009 are premature, according to James Beckham, head of London Capital Markets at Cushman & Wakefield.
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.
