The GPR 250 Europe index returned - 22.4% in October, the worst monthly performance ever recorded by the index. On a country level, only Norway (Norwegian Property at 0.0%) avoided slipping into negative territory. The other European countries recorded losses varying from -44% for Austria to -18.3% for the Netherlands and -14.6% for Sweden.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
