In November, the value under management of real estate investment funds (FII), special real estate investment funds (FEII) and real estate asset management funds (FUNGEPI) reached €19,285.1 million, €140.7 million (0.7%) more than in October.
The latest figures from the CMVM show that FEII increased their portfolio the most, by 1.7%, to €969.1 million. The amount managed by FII rose 0.7% to €18,019.5 million, while FUNGEPI remained unchanged at €296.5 million.
This month, European Union countries were the destination for all investment made in real estate assets by these funds. 48.9% of the portfolio of open-ended FIIs and FEIIs relates to properties in the services sector, 45.4% in the case of FUNGEPIs.
Lynx Asset Managers (16%), Square AM (12.8%) and Sierra IG (7.8%) held the highest market shares in November.
During the same period, five real estate investment companies were opened, namely Royal Yield - SIC Imobiliária Fechada, S.A., managed by Fozasset; Ciagest - SIC Imobiliária Fechada, S.A., managed by Fund Box; Grand Loft Avenida - SIC Imobiliária Fechada, S.A., managed by Heed Capital; Eragogest - SIC Imobiliária Fechada, S.A., managed by Eragogest; and Casa de Ardias - SIC Imobiliária Fechada, S.A., managed by P32 Capital.
On the other hand, the following funds were liquidated: Imonor - Closed-End Real Estate Investment Fund, managed by Atlantic; the Eurofundo Closed-End Real Estate Investment Fund, managed by Statusdesafio; and Lusofundo - Closed-End Real Estate Investment Fund, managed by Statusdesafio.
The CMVM also highlights the merger by incorporation of the real estate investment company Lionesa Real Estate - SIC Imobiliária Fechada, S.A. into the real estate investment company Lionesa Investments - SIC Imobiliária Fechada, S.A., managed by Lynx Asset Managers.
