Torsten C. Wesch writes about the development of special funds in a byline article in “immobilienmanager” (5/2015). The Managing Director of redos institutional GmbH explains how Germany’s special funds began to narrow their investment approaches from a typically broad property mix to a more specific focus on distinct real estate categories from the early 2000s onwards. This led to the creation of specialised funds for hotel, office, residential, retail, care homes and logistic properties. As a result, 71% of today’s funds exclusively target one category of real estate.

Increasingly, special funds are launched by specialised asset managers, focussed on specific market segments, rather than by all-rounders. From an investor’s perspective, this development, which also applies to redos is clearly advantageous.