Property Funds Research (PFR), the research and information business focused on the global real estate funds market, has been sold to Frankfurt-based rating agency Feri EuroRating Services.

PFR, formerly branded Oxford Property Consultants (OPC), published the first dataset of European (and later global) unlisted property funds, and OPC’s investment arm was instrumental in creating one of the first property fund of fund vehicles.

OPC was sold to CB Richard Ellis Investors in 2006.

The current PFR management, Andrew Baum and Jane Fear, led the immediate buy back and re-branding of the information business in order to maintain its independence.

Fear will continue to head up the business in the UK, supported by the existing PFR team.

Baum will become a consultant and continue to be closely involved with the new business.

Feri’s research into real estate markets throughout the world is the foundation for the company’s analysis and ratings of direct property, property portfolios and indirect open-ended and closed-ended real estate funds and real estate companies.

Feri is based in Bad Homburg, near Frankfurt, and has additional offices in London, Paris, and New York.

Helmut Knepel, chairman of Feri, said: ‘Through this relationship we will achieve both the geographical expansion of our core business and the deepening of our information and research resources’.