Real Estate Investment Funds with €10.6 Billion Under Management at Year End

25 January 2021

According to data published by Portugal’s Securities Market Commission (CMVM), real estate investment funds (FII), special real estate investment funds (FEII) and the real estate management funds (FUNGEPI) had a total of 10.5836 billion euros under management in December 2020, an increase of €159.0 million (1.52%) compared to November.

Interfundos (12.5%), Square AM (11.3%) and Caixa Gestão de Ativos (9.2%) had the highest shares of the assets. December also saw the creation of three new special real estate investment companies: “Substância Numérica – SICAFI” and “Coincident Discovery, SICAFI”, managed by Lynx, and “Almost Future, SICAFI” managed by Silvip.

According to the CMVM, “In the period under analysis, countries in European Union were the target of the totality of the investment made in real estate assets, with 47.1% of the portfolio of open FIIs and FEIIs applied in real estate in the services sector.”

Original Story:  Jornal Económico – Maria Teixeira Alves

Translation: Richard Turner