Germany's deal volume in the first three quarters was up 30% on the same period last year at €26 bn, according to Ignaz Trombello, head of Germany at Colliers International.
Germany's deal volume in the first three quarters was up 30% on the same period last year at €26 bn, according to Ignaz Trombello, head of Germany at Colliers International.
'It's tremendous,' he says. 'The deal volume for the full-year will likely be between €30 bn and €35 bn,' he adds.
Some ongoing bumper deals will also help to push those numbers up. IVG is in the process of selling its Silberturn skyscraper in Frankfurt for around €450 mln. The skyscraper forms part of IVG's €12 bn real estate portfolio that was not seized by its creditors.
IVG is also selling off a number of other trophy assets, including its mixed-use development, The Squaire, in Frankfurt, which it put up for sale last month. The development, which comprises offices and a hotel, is almost fully-leased. It is expected to sell for around €650 mln, according to Colliers. 'I expect it to attract a lot of investor interest, including from Asian investors,' Trombello says.