Germans fund managers were the largest cross-border investment group in the Benelux region last year.
Germans fund managers were the largest cross-border investment group in the Benelux region last year.
Data compiled by PropertyEU Research indicates the Germans accounted for EUR 660 mln of investment in the Netherlands in 2011. This represents 29% of the total EUR 2.3 bn of large deals in the market.
Since 2008, German investors have injected just under EUR 3 bn into Dutch real estate, making them by far the largest group of foreign investors in the country. UK investors were the second biggest group over the period, followed by the US, France and Belgium.
The figures are based on transactions of large deals of EUR 20 mln and above.
German investors accounted for roughly half of the EUR 320 mln chalked up by cross-border investors in Belgium last year. The group was led by Hamburg-based Hesse Newman Capital which acquired an office property in the Leopold district of Brussels for EUR 60 mln. In total, Belgium recorded some EUR 1 bn of large real estate transactions last year, according to figures from PropertyEU.
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