At 2.42%, the Q2 2022 European ODCE Index delivered healthy returns, albeit notably lower than in Q1 2022
- The European ODCE Fund Quarterly Index continues to grow. In the second quarter of 2022, the gross asset value (GAV) surpassed €46 billion, and one new fund entered the Index, increasing the number of participants to 16.
- The Q2 2022 performance reached 2.42%, a notable decrease from 3.35% delivered in Q1 2022 as capital growth slows.
- Real estate allocations to offices slid below the 40% mark for the first time since 2016.
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The Index is wholly comprised of open end core commingled equity real estate funds that have a strategy to invest across pan Europe and across multiple sectors. Funds must comply with a strict eligibility criteria for four consecutive quarters in a row to be included in the index.