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Raiffeisen property assets now Ft 72.5 bln

Investors put Ft 4 billion in fresh capital into the Raiffeisen Property Fund in August, helping boost the fund's assets beyond Ft 72.5 billion, according to the fund's monthly report. The fund had a nominal yield of 0.74% in August, giving it an annualized yield of 12.68% since it was set up in October, 2002. The fund did not close any property deals in August, but said it may buy an office building in September. The fund's managers are also considering buying a property outside of the capital. The properties would boost the fund's assets by a combined Ft 3.7 billion. (Econews)