Value under management of the FII, FEII and FUNGEPI amounted to 12.2 billion euros in February

The value under management of real estate investment funds (FII), special real estate investment funds (FEII) and real estate asset management funds (FUNGEPI) was above 12.2 billion euros in February 2023, minus 14 .8 million (0.1%) than in January.

According to a statement from the Securities Market Commission (CMVM), where the monthly indicators of real estate investment funds are made known, the amount invested decreased by 0.1%, to 8.79 billion euros. In FEII there was a slippage of 0.2%, up to 3.21 billion euros, and in the case of FUNGEPI there was a growth of around 0.2%, to 265.9 million euros.

The countries of the European Union (EU) were the destination of all the amount invested in real estate assets. Of the open FII and FEII portfolio, 48.1% was invested in real estate in the service sector. Investments made by FUNGEPI were also directed, above all, to the services sector (50.1%).

Square AM (11.3%), Interfundos (8.4%) and Caixa Gestão de Ativos (7.7%) had the highest market shares.

In February, the special real estate investment company “PESTANA PROPERTIES – SICAFI ESPECIAL, SA”, and the real estate investment company “J FRM INVESTIMENTOS – SICAFI, SA”, both managed by LYNX Asset Managers, were incorporated.

In the same period there was a transfer of management: from the special real estate investment fund “CA IMOBILIÁRIO”, from Square AM to CA Gest, from the real estate investment company “Krep Portugal”, from Insula Capital to LYNX Asset Managers, and from the real estate investment project “Marathon”, by Civilria Gestão de Ativos for Silvip.