Drescher & Cie fund survey: Degi German Business with best residual portfolio


Drescher & Cie Consult has published its final survey on the quality of portfolios of German open-ended real estate funds in liquidation. After the transfer of 17 funds to custodian banks, Degi German Business takes first place in residual portfolio quality, followed by AXA Immosolutions. Trailing the list are SEB Global Property Funds and Degi Global Business. The marketing of these residual portfolios remains a “big challenge”. Drescher & Cie once again used its “Cash Burn Rate” parameter to assess depreciation, with TMW Weltfonds and Degi Europa generating the worst figures with over 60%. At the other end of the scale, Kanam Spezial Grundinvest leads by a wide margin with under 5%, followed by CS Euroreal (at just under 20%).

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