More than €18bn of European property funds were launched in the last quarter of 2006, according to INREV, the European Association of Investors in Non-listed Real Estate Vehicles.
In its quarterly report, the organisation identified 26 new funds that were launched across Europe, including the €1bn ING infrastructure fund and Symmetry, the €2bn AAIM and Bank of Scotland UK and European fund.
The group reported the addition of 21 vehicles to its database of member funds, representing a net increase in gross asset value of €9.2bn. The new member funds took the value of member funds to €328.5bn across 481 funds.
INREV is due to release its core definitions document in the next few days and its 2007 Investment Intentions Survey at the end of the month.
