German open-ended funds (GOEFs) hold EUR 82bn of property assets across the globe. Nearly 20% or EUR 16bn of these are to be sold by 2017. This is linked to 18 different GOEFs entering into their liquidation phase. These will provide the European market alone with EUR14bn of assets sales to 2017.
In fact, EUR 8bn of European property has already been sold since 2012 by liquidating GOEFs. With a record volume of EUR2bn in the first half of 2014 there was an acceleration of these sales. Also, the geographic focus has changed dramatically. They have started moving away from the three core markets (UK, Germany, and France) in 2012 to H1 2014 sales being equally balanced between this core and the rest of Europe.
Source : DTZ France