Germany grabs 60% of big-ticket volume in April

Germany accounted for 60% of the total volume of large deals recorded by PropertyEU Research in April 2013.

The German volume of €3.6 bn was, however, inflated by the acquisition of 32,000 housing units by a consortium led by listed German residential property investor Patrizia Immobilien for €2.4 bn.

The consortium's acquisition of 92% in the owner of the portfolio GSW from BayernLB equates to 40% of the overall volume of €6.1 bn we tracked last month.

Our research is based on European real estate transactions of €20 mln or above in which the financial details were reported or could be ascertained from other sources.

The second largest transaction also took place in the German residential property market. Deutsche Wohnen, like Patrizia a listed residential player, acquired a portfolio of 6, 900 Berlin residential units for €390 mln. The vendor was Blackstone Real Estate Partners Europe III.

Germany was also the venue for the fourth largest transaction by volume, as Allianz Real Estate agreed to acquire the Skyper office complex in Frankfurt's banking district for €300 mln.

The list of the top 10 transactions recorded in April is attached below. Regular updates based on our transaction data are published in the newsletter and in PropertyEU Magazine.