Deka Immobilien has continued its growth trajectory in a difficult market environment. The asset management volume increased by EUR 1.8 billion to EUR 55.5 billion by the end of 2023, due in part to net cash inflows of EUR 1.2 billion into Deka’s open-ended real estate funds for retail investors.
The trend has continued into this year. In the first four weeks of 2024, Deka’s open-ended real estate funds for retail investors generated net cash inflows of EUR 390 million, EUR 360 million of which can be attributed to the reinvestment of distributions. This means that the year has started at roughly the same level as the previous year, when net cash inflows totalled EUR 403 million, EUR 311 million of which was due to the reinvestment of distributions. 2023 saw returns on retail funds in the 2–3% range, positioning them significantly above the industry average.
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