In Italy, real estate funds have attracted €1.4bn during the first semester of 2012, a 4.2% increase compared to the previous semester, according to data published by Italian asset management association Assogestioni.
Research on 185 funds in the country found that real estate assets reached €26bn at the end of June.
About 90% assets were allocated to property and only 10% to property rights.
More than half of investments were directed to office buildings, 16% to commercial property and 9% to residential property.
Most investments were completed in Northern Italy (45%) and Central Italy (33%) with an increase in investments directed abroad.
About two thirds of real estate funds included in the research relied on financial leverage to increase assets under management.
Today on Investment Europe
Select moments from InvestmentEurope's Pan-European Fund Selector Summit that took place at the Beau-Rivage Palace in Lausanne 9-11 April have been published.
Claire Marwick, investment director, Japan at Martin Currie, will consider the long/short approach to Japanese equities during the Pan-European Fund Selector Summit in Lausanne on 9-11 April.