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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.
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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.