IVG eyes investment volume of around EUR 1.5b in 2012

German listed real estate group IVG reported its transaction volume in 2011 more than tripled year-on-year with around 130 individual deals throughout Europe and a total volume of EUR 2.25 bn. The figure includes transactions on behalf of the listed arm of the business and IVG Funds, the manager of institutional funds.

IVG expects a similar level of activity in 2012. 'We are confident that we will maintain the transaction volume at the level of last year and maybe even increase it in the new year, despite the market environment becoming more difficult', Oliver Zimper, managing director of IVG Asset Management said. Zimper is responsible for IVG's global transaction business

IVG is targeting purchases worth EUR 1.5 bn in 2012, especially for its institutional funds. As before, this will include screening at investments in retail property alongside the classic investments in office space.

'Alongside classic purchases for our special funds, we are planning new national and European club deals as follow-on products from the Silver Tower in Frankfurt, which was acquired in 2011 in one of the largest individual transactions in the German real estate market. In parallel, we will continue to intensify our sales programme both for our fund investors and for IVG's own portfolio,' Zimper said.

France accounted for 50% of all transactions in 2011, followed by Germany (17%), Sweden (13%) and the UK (11%). Purchases were dominated by Germany (54%), Sweden (17%) and Poland (10%).

IVG Immobilien is one of the major real estate companies in Europe. The company manages EUR 4.1 bn of assets on its balance sheet and manages funds and mandates amounting to EUR 15.2 bn.