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23 August 2010
France's UFG REM looks to invest E700m in 2010
UFG Real Estate Managers, the largest French property fund manager, said it is confident that domestic real estate will see a gradual recovery and is looking to invest more than E700m in 2010 for its SCPI and OPCI funds on behalf of institutional investors. Headed by Jean-Marc Coly and Marc Bertrand, UFG REM manages more than E5bn of assets, of which E700m in SCPIs, making it the largest such manager in France. (See upcoming PIE Editions for full story)