The asset management woes stem from accelerating withdrawals across German open-ended real estate funds
Bundesbank data shows withdrawals across German open-ended real estate funds hit a net aggregate of €7.6bn last year. Photo: Getty
Several Germany-focused real estate funds have stopped redemptions, highlighting how accelerating withdrawals have plunged swathes of the industry into turmoil.
Fokus Wohnen Deutschland, which manages gross assets valued at almost €1bn, said on Thursday it’s unable to fulfil withdrawal requests and needs to suspend them.
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