UK pooled property funds continued to lose value in the first quarter of 2008, with the IPD All Pooled Funds Index recording a fall in total returns of 4.9%. When added to declines seen in the two previous quarters, IPD noted the All Pooled funds Index total return had now been taken to -15.0% since the subprime crisis hit in August 2007.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
