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Germany gets record foreign resi investment in 2011 says Patrizia
Monday, January 16, 2012
2011 is emerging as a record year for the German residential market. More than 220 large-scale residential portfolios were sold to international investment groups during the year versus 171 in 2010, the Patrizia Immobilien Group told OPP this week.
These deals represented an investment volume of about €5.7 billion, global agency group Jones Lang Lasalle told OPP and "the most active buyers were institutional investors like listed companies, funds, banks, REITs, and fund managers."
Companies like this nearly €4.4 billion of the total spend.
And in leading commercial centres like Munich rents are also starting to reach new record levels.
Source: OPP.org.uk
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