The Q4 2022 European ODCE Index posted a -5.54% total return, the lowest performance since the inception of the Index.
Key highlights:
- The Q4 2022 total return stood at -5.54%, a noticeable plunge compared to the -1.32% delivered in Q3 2022. Capital growth declined to -6.26%, driving the overall decline in performance
- The European ODCE Fund Quarterly Index dropped by €1.9 billion in Q4 2022 compared to Q3. The gross asset value (GAV) reached €44.7 billion across the 16 participating funds at the end of Q4 2022
- Real estate allocations to office dropped for ten consecutive quarters, representing 37.6% of the GAV of the index
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European ODCE Quarterly Index
Published on 18 Feb 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.