German open-ended property funds recorded net outflows of around EUR 721 mln in November 2008, according to new figures from investment and asset management body BVI. This marks a sharp drop on October, when investors withdrew almost EUR 5.1 bn before a number of funds imposed a three-month halt on redemptions.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
