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%).

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