Real estate: The art of micro management

Despite attractive yields and improved turnover in a few prime markets, the European commercial real estate recovery remains tentative as supply and finance constraints continue to restrict activity. However, bright spots are emerging for funds that have been able to put the worst of the debt crisis behind them. Joti Mangat reports.

INSTITUTIONAL AND RETAIL money continued to flow into unlisted real estate funds in the third quarter, albeit more slowly than in previous quarters this year, according to the data compiled by the Investment Property Databank (IPD). More than £750 million ($1.17 billion) of new money flowed into the 68 unlisted real estate funds in the UK in the third quarter, some £600 million less than in the previous quarter, bringing the net asset value of the investor base in the UK to £31.5

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