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The European ODCE Index returned 0.19% in Q2 2024, the best quarterly performance since Q2 2022.
Key highlights:
- The Q2 2024 return is a 74 bps improvement on the -0.56% reported in Q1 2024.
- At -0.64, capital growth is still in negative territory, albeit it improved by 55 bps quarter-on-quarter
- After 16 consecutive quarters of decline, the office market share slid to 33.3% of the index.
- First negative index level net inflows since inception
- At the end of Q2 2024, the gross asset value (GAV) of the index stood at €41.8 billion across the 16 participating funds, €0.4 billion below the previous quarter.
Download the report, Excel, snapshot and the ODCE Management Fees and Terms report below.
European ODCE Quarterly Index
Last updated on 20 Aug 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.