More than 90 European closed end non-listed real estate funds are scheduled to terminate in the next 10 years bringing €20.9bn of assets to the market by 2027 according to the latest INREV Funds Termination Study.
A peak is expected in 2020 when 22 funds are scheduled to terminate with the study also reporting that liquidation is the most popular form of termination.
UK strategy funds comprise half of the single sector funds due to terminate in 2019, coinciding with the Brexit deadline. If termination deadlines are met, this would place €337.8m of UK assets onto the market. The following year could see a further €1.8bn of UK assets coming on the market.
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