Portuguese real estate funds managed €8M less in October

Portuguese real estate funds managed €8M less in October

In October, the value of property investment funds (FII), special property investment funds (FEII) and property asset management funds (FUNGEPI) under management stood at 10,688.18 million euros, down by 7.9 million (0.07%) on the previous month.

The CMVM figures show that the FII increased the amount invested by 0.6% to 8,057.5 million euros, whilst the FEII decreased the amount by 0.2% to 2,368.9 million euros. The FUNGEPI recorded a sharper drop in investment, by 18%, to €261.8 million.

As in previous months, the EU countries were the destination of all the investment made in real estate assets. 48.9% of the portfolio of open-end FIIs and FEIIs was invested in real estate in the services sector, as were the FUNGEPIs, which directed 48.2% of their investment to the services sector.

In October, Square AM (12.5%), Interfundos (10.5%), and Caixa Gestão de Ativos (8.6%) had the largest market shares, according to the CMVM, in a month in which the property investment company "Ilustre e Perfeito", managed by Norfin, and the special property investment company "ICG Value", managed by Imorendimento, were also created.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!