Germany-Focused Property Funds Shut Gates as Outflows Surge

Several Germany-focused real estate funds have stopped redemptions, highlighting how accelerating withdrawals have plunged swathes of the industry into turmoil.

Fokus Wohnen Deutschland, which manages gross assets valued at almost €1 billion ($1.2 billion), said on Thursday it’s unable to fulfill withdrawal requests and needs to suspend them. That’s after the €400 million Wertgrund WohnSelect D fund last month made a similar move while the Germany-focused Greenman Open fund took the decision in December.