In October, the value under management of real estate funds increased by 1.9%, 239.6 million euros more than in the previous month. Property investment funds (FII), special property investment funds (FEII) and property asset management funds (FUNGEPI) managed 12,799.6 million euros that month.
According to the figures released by the CMVM, in the case of property investment funds, the amount under management rose by 2.6% to 10,693.9 million euros. The amount under management of FEII rose 1.8 per cent to 1,897.2 million euros, while in the case of FUNGEPI, the amount fell 24.3 per cent to 208.4 million euros.
In October, as in previous months, European Union countries were the destination of all investment in real estate assets, and 47.8% of the portfolio of open-ended FIIs and FEIIs was invested in real estate in the services sector. The majority of FUNGEPI investments were also in the services sector, which accounted for 57.8 per cent of the portfolio.
With the highest market shares, Square AM (12.48 per cent), Lynx Asset Managers (7.77 per cent) and Interfundos (7.10 per cent) stand out.
The CMVM also notes that in October the management of the funds "Castro Red Capital - SIC Imobiliária Fechada, S.A." and "ICON - SIC Imobiliária Fechada, S.A." was transferred from the management company Silvip to Refundos. The management of the "Turirent - Fundo de investimento imobiliário fechado" fund was transferred from Square AM to the management company Civilria.
The special closed-end property investment fund "Oceânico II", managed by Interfundos, was also liquidated in October.
