The Q4 2023 European ODCE Index delivered a -4.28% return, the second weakest performance since inception.
Key highlights:
- The capital growth of –5.05% dropped by 200 bps compared to Q3 2023.
- At the end of Q4 2023, the GAV of the index stood at €41.8 billion across the 16 participating funds, €0.8 billion below the previous quarter.
- The share of the residential assets continues to grow, reaching 15.7% of the index total GAV at the end of Q4 2023.
- The net capital flows stood at €280 million at the index level. This represents a major increase compared to the €180 million equivalent posted in Q3 2023.
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European ODCE Quarterly Index
Last updated on 13 Mar 2024
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.