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From the PERE Investor Sentiment Survey, PERE Research & Analytics found that the most popular real estate sector for LPs in 2014 will be the office sector, with 64.6% of respondents declaring it one of their preferred sectors for the new year. The only other sector that has attracted the majority of LPs is retail, with 52.3% of respondents preferring to make new investments in the sector.
Some of the larger office focused funds that are currently fundraising include Beacon Capital Strategic Partners VII and Paramount Group Real Estate Fund VII that are each targeting $1 billion. Some of the retail focused funds currently in market include the Meyer Bergman European Retail Partners II targeting €500 million, and the CBRE European Shopping Centre Fund with a target of €750 million.