Italy’s real estate funds post €1.4bn inflows in H1, Assogestioni
Italy’s real estate funds industry posted a 4.2% growth in the first half of the year, despite a slowing-down trend, as reported by the latest data published by Assogestioni, the country’s association of asset managers.
During the first six months of 2012, property funds posted €1.4bn inflows, and 185 funds currently have about €26bn under management.
Research by Assogestioni found that about half of invested property is allocated to office space, commercial properties weight for 16% and 9% is residential space.
About 88% of overall assets are invested in reserved funds. Retail funds weight for 12% of the market, with about €5bn under management.
The geographical break-down showed that foregin investments are on a rise. Meanwhile, most investments remain concentrated in the Nort-West of the country (45%) and in the central region(33%).