Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Immobilienfonds: Zu viele Investoren wollen raus: DWS muss Immobilien verkaufen, um Anteilseigner auszuzahlen

Weil immer mehr Anleger ihre Anteile an Immobilienfonds zurückgeben, muss die Deutsche-Bank-Tochter verstärkt Immobilien auf den Markt bringen. Was Anteilseigner nun tun können.

Immobilienfonds: Zu viele Investoren wollen raus: DWS muss Immobilien verkaufen, um Anteilseigner auszuzahlen

Munich - Deutsche Bank's subsidiary, DWS, has announced the need to sell more properties from three open real estate funds to pay off investors who wish to return their shares. The three funds, Grundbesitz Europa, Grundbesitz Global, and Grundbesitz Fokus Deutschland, currently own real estate valued at approximately ten billion euros.

The total fund assets, minus debts, amount to eight and a half billion euros. Market observers estimate that these funds have sold around four and a half billion euros worth of buildings since the end of the low-interest period four years ago. However, announcing additional property sales may prove challenging due to rising interest rates, which could deter potential buyers of the current listings.

Henrik Haeuszler of Fondshaus Invesco notes that the market is currently driven by buyers' pace. Stefan Loipfinger, founder of Investmentcheck, suggests that some properties could be sold very affordably. Many closed real estate funds are currently caught in a vicious cycle: the more negative news, the more shareholders resign, and the more properties need to be sold. This affects the fund shareholders as well.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Thursday 17 September →