IPD said that its French Property Index showed a total return of 17.8% for 2007, a drop compared to the previous year's result of 21.9%, but still impressive over the history of the index. Property outperformed the equity and bond markets in 2007, which returned 5.1% and 1.8% respectively.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
