Key Takeaways
- • DWS's open-ended real estate fund Grundbesitz Europa is restricting redemptions, with redemption orders executed only at 10% starting October 28, 2026, meaning investors receive one-tenth of their invested capital.
- • The restriction is initially limited to 12 months due to legal requirements, but the payout rate may be adjusted or deactivated earlier.
- • DWS is described as the first of the four largest providers of open-ended funds for retail investors in Germany to take this step, according to CoStar.
- • The measure affects a German retail-oriented open-ended real estate vehicle, highlighting liquidity pressure in the segment.
Summary
DWS's open-ended real estate fund Grundbesitz Europa is significantly restricting redemptions, according to a CoStar report dated October 27, 2026. Beginning October 28, redemption orders will only be executed at 10%, meaning investors will receive only one-tenth of their invested capital.
According to the report, the measure is initially limited to 12 months because of legal requirements. The payout rate may, however, be adjusted or deactivated prematurely, leaving the duration of the restriction open.
CoStar describes DWS as the first of the four largest providers of open-ended funds for retail investors in Germany to implement such a restriction. The fund's property holdings listed in the article include the Adina Apartment Hotel in Düsseldorf, LOOP5 in Weiterstadt, and Metris in Munich.
The full article is available only to CoStar subscribers, so the details above reflect the publicly visible portion of the report.
According to the report, the measure is initially limited to 12 months because of legal requirements. The payout rate may, however, be adjusted or deactivated prematurely, leaving the duration of the restriction open.
CoStar describes DWS as the first of the four largest providers of open-ended funds for retail investors in Germany to implement such a restriction. The fund's property holdings listed in the article include the Adina Apartment Hotel in Düsseldorf, LOOP5 in Weiterstadt, and Metris in Munich.
The full article is available only to CoStar subscribers, so the details above reflect the publicly visible portion of the report.
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