Purpose: In Germany, open‐ended funds represent the prevailing form of indirect real estate investment for retail and institutional investors. The purpose of this paper is to address whether significant performance differences occur between retail and institutional...

The German property market has shown a remarkably stable performance over the last decades. Especially in the worldwide financial crisis 2008 and 2009 German valuation practise has been questioned by international and especially UK market participants. The paper investigates the performance of...

Purpose – Only a small amount of research is available as yet on the performance of property developments. This article seeks to analyse the performance of property developments in institutional property investors' portfolios over four European countries – France, Germany, Sweden, and the UK...

Purpose – This paper seeks to shed light on the question whether German real estate investment vehicles provide an effective hedge against inflation. To do so it aims to investigate open‐end real estate funds, special funds and real estate stocks. Design/methodology/approach – Traditional...

In Germany, openended funds represent the prevailing form of indirect real estate investment for retail and institutional investors. As of 2007, more than 140 funds would exist, amounting to over 100 bn Euros in assets. The performance of such funds has been subject to critical questioning as it...

Sustainability is at the forefront of recent management discussions. Climate changes, the fact that buildings are responsible for about 40% of the worldwide CO2-emissions and the increasing occupancy costs force investors and occupiers to change their management strategies and behaviors. But...