REAL ESTATE - ING Real Estate Investment Management has launched five new property funds with a total value of 鈧�4.25bn.
The new offering comprises a central and East European fund of 鈧�1bn, a Nordic property fund of 鈧�1bn, a French residential fund of 鈧�500m, an infrastructure fund of 鈧�1bn and a healthcare property fund of 鈧�750m.
鈥淚nstitutional investors are looking for more 鈥渧alue-added鈥� style funds, provided by selective investment in a broader range of diversified markets and real estate sectors,鈥� said ING Real Estate IM Europe chief executive Pieter Hendrikse.
鈥淏ig institutions need absolute return and at the moment they will have difficulty achieving that with core funds,鈥� he told 麻豆映画 Real Estate.
鈥淭he new funds are value-added in terms of the absolute investment returns we are targeting 鈥� such as the Central and Eastern European Fund and because they offer access to markets where quality building stock is in tight supply,鈥� he said.
But aren鈥檛 investors wary of taking the risk of investing in CEE? 鈥淭his is no longer the case, especially since many CEE countries joined the EU,鈥� Hendrikse continued.
UK investors, which have long been wary of investing abroad since their fingers were burned in the 1980s are 鈥渒nocking on the door of central and eastern Europe,鈥� according to Hendrikse.
