Germany doesn’t always get a good press but for some visitors to Expo Real, Germany is well and truly ‘bringing sexy back’.
Germany doesn’t always get a good press but for some visitors to Expo Real, Germany is well and truly ‘bringing sexy back’.
One investor who is a fan of Germany is Jörg Banzhaf, CEO of listed shopping centre specialist Corio in Germany. ‘Germany is sexy,’ he said, speaking at the panel discussion ‘Germany: an investors’ darling?’.
‘Investors feel safe here, even if the euro was to fail and Germany reverted back to the Deutschmark. For Corio, the German fundamentals are good and, even now, German consumers are spending,’ he added.
As a result, German consumers appear to be ‘crisis-resistant’, he added, noting that, on average, consumer spending in Germany increases by 2% each year. However, despite Germany’s solid fundamentals, retailers face an increasingly challenging environment. ‘The threat of e-commerce grows every year. We believe you need to create excitement where people want to be, not purely to shop.’
Want to know more about the state of the German market?
PropertyEU has organised a morning Investment Briefing on Germany at the offices of Henderson Global Investors in London on Tuesday 16 October.
The panel of speakers include Alexander von Cramm, chief financial officer, Prime Office REIT AG; Saul Goldstein, managing partner, Activum SG; Kai Schubart, director International client management, Corpus Sireo; Stefan Wundrak, director of research, Property, Henderson Global Investors and Dr. Christoph Schumacher, board member, Union Investment Institutional Property.
Click on the link below for more information on the Investment Briefing and for complimentary registration.
