IVG doubled the equity placed in their "EuroSelect" closed-end real estate funds to €170 million in 2005 (previous year: €88 million). The equity is divided between four funds with a total investment volume of over €400 million.
London is the focus of the funds business: three of the funds invest in high-quality office real estate with long-term leases in the Europe's finance capital. "This makes us the market leaders in this special segment," explained Georg Reul, member of the IVG Board of Management with responsibility for funds. "We will now systematically expand our product range to include other locations".
Source: IVG Immobilien