They keys to successful property investment are experience, competence, knowledge of the market, financial strength and access to global networks. Another advantage of IVG is its offer of service from a single source. IVG Funds supports the fund investments over their entire term.
The Managing Directors, the fiduciary management of the invested assets and the private investor support are located in Berlin with IVG Private Funds Management GmbH. Products for semi-institutional investors are managed by IVG Fund Management GmbH in Bonn at 31 December 2010, IVG Funds managed 27 funds with approximately 60,000 investors and a total investment volume of around € 3.2 billion.
The management of IVG Funds consistently acts in the interest of our investors throughout the entire investment period. Against the background of many years of experience, the fund management offers private investors comprehensive service for their investment. The fund management comprises both the fund managers and investor management.
It is our goal to offer our customers optimum support over the entire term of their investment. Although closed-end property funds are designed as a long-term investment, it can happen that investors must give up their holding prematurely for personal reasons. We are familiar with this situation and support secondary market trading structures for closed-end funds and have advocated establishing an independent ombudsman.
Anyone interested in investing in a property fund should be prepared for a long-term investment. After all, properties are durable goods. However, an unplanned, premature exit is always possible with the consent of the management at the end of each financial year, although tax consequences must be taken into account. If there is no demand, it may not be possible to sell the shares at the desired time on the desired conditions or perhaps not at all, so fungibility can be limited despite the investment's intrinsic value.
Since 1 March 2008, investors in closed-end funds can contact the arbitration board “Ombudsstelle Geschlossene Fonds e.V.” in Berlin in the event of a complaint. The arbitration board serves as an independent body for extrajudicial arbitration of individual disputes between investors and their contractual partners (initiators, trustees, issuers) in connection with investment in a closed-end fund. The procedure is free of charge for the investor.
Ombudsstelle Geschlossene Fonds e.V.
Postfach 64 02 22
D-10048 Berlin
Tel.: 030 25761690, Fax: 030 25761691
E-Mail: info@ombudsstelle-gfonds.de
Internet: www.ombudsstelle-gfonds.de
Be joining the ombudsman, the members of the Group reinforce their efforts for more transparency and openness.
IVG Private Funds GmbH is a member of VGF (association of closed-end funds) and has actively supported the establishment of an ombudsman.
Until now there has been no legal Ombud dispute between EuroSelect investors and IVG.