UBS plans to re-open its property funds in Germany next month and to carry out acquisitions this year totalling as much as EUR 600 mln, according to a report by newswire Reuters. UBS, which froze redemptions on its Euroinvest and Kontinente Immobilien open-ended funds in late 2008, told the news agency that the funds are expected to resume trading in April on the back of renewed interest from its investors.
UBS plans to re-open its property funds in Germany next month and to carry out acquisitions this year totalling as much as EUR 600 mln, according to a report by newswire Reuters. UBS, which froze redemptions on its Euroinvest and Kontinente Immobilien open-ended funds in late 2008, told the news agency that the funds are expected to resume trading in April on the back of renewed interest from its investors.
