UK pooled property funds booked their worst performance since September 1992 in the third quarter of 2007. The IPD' s All Pooled Funds Index shows that the funds returned a negative 1.3% in the quarter ending 30 September. This compares with a 2.0% return in the second quarter of 2007 and 4.4% in the same period last year.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
