PropertyMatch, the secondary trading portal for unlisted real estate funds, has reported over £440 mln (EUR 514 mln) of trades in the past 12 months, compared to £250 mln in the same period a year before.

The portal - a joint venture between CB Richard Ellis and GFI Group - has seen trading accelerate partly due to its expansion into Europe in January 2011. Since its launch two years ago, the platform has facilitated over £700 mln of trades in unlisted real estate funds.

Trading frequency has also doubled, with PropertyMatch registering more than 122 trades in the past year. Over 115 funds, including 25 European funds, are now traded via PropertyMatch, almost treble the 45 listed this time last year.

'Two years ago we set out to improve transparency, efficiency and liquidity in the unlisted real estate sector and to attract a broader spectrum of alternative investors to the unlisted space,' said Paul Robinson, executive director at CBRE Real Estate Finance. 'We are pleased to have arranged trades for investors that had never previously participated in the market, a trend which is continuing.'