The European ODCE Index returned 0.22% in Q2 2025, down from 1.51% in the previous quarter. The total gross asset value (GAV) of the European ODCE Quarterly Fund Index stood at €41.2 billion at the end of Q2 2025.
Key highlights:
- Capital growth fell back into negative territory after two positive quarters, now standing at -0.58%.
- At €83.6 million, net flows remained positive in Q2 2025. Redemption levels slowed to €278.4 million. INREV shed light on ODCE funds’ redemption mechanisms in a recently published paper.
- Allocations towards Industrial / logistics kept growing in Q2 2025, now representing 32.2% of real estate portfolio value.
- The one-year rolling return stood at 2.74%, while the three- and five-year annualised returns were -5.07% and 0.04%, respectively.
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European ODCE Quarterly Index
Published on 21 May 2025
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.