March 2011. Aberdeen plans triple German property fund launch
Aberdeen Immobilien is planning to launch three institutional property funds as the outlook for the German real estate sector begins to improve.
The German firm’s managing director Hartmut Leser says there is a ‘very high probability’ the funds will be launched in the next couple of months as market sentiment seems to be improving, with the option of launching a maximum of five funds.
Over the last few months Leser said he has been in touch with many institutional clients and has been encouraged by their feedback.
‘I think that most institutional investors are quite positive on the outlook for the European property, especially when it comes to Germany,’ said Leser.
Two of the planned funds will be focused on the pan European property sector, mainly offices and retail units, while the third fund will focus on the German residential market.
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