German investors have spent €120 bn on international real estate since 2004, more than those from any other nation, according to new research from JLL.
German investors have spent €120 bn on international real estate since 2004, more than those from any other nation, according to new research from JLL.
International real estate investment from Germany surpassed that from the second-placed US (€105 bn) and third-placed UK (€79 bn).
Some 82% of German outbound investment has been in mature markets in Western Europe and North America, and 80% of German capital has targeted core office product, with retail accounting for a further 13%.
JLL's Matt Richards said that, 'despite being challenged by Norwegian, Chinese and Canadian investors, with their established presence in many global property markets, we anticipate German investors will maintain their international investment focus.'
The 10 most active sources of cross-border investment over the 10-year period from 2004 to H1 2014 were as follows:
Germany: €120 bn
US: €105 bn
UK: €79 bn
Middle East: €78 bn
Singapore: €44 bn
Ireland: €43 bn
Canada: €42 bn
Australia: €33 bn
Hong Kong: €24 bn
Netherlands: €22 bn
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