German open-ended funds (GOEFs) have made a strong return to the market this year, and with the current changes in Europe's investment environment, this trend looks set to accelerate, according to the EMEA research group at CB Richard Ellis. GOEFs made EUR 3.9 bn in cross-border purchases in Europe in the first half of 2007, representing a three-fold increase on the same period last year, the research shows.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
