Investment in German retail properties has sharply increased in 2006, according to a new report by consultancy firm Atisreal Deutschland. Around EUR 18 bn was invested in commercial real estate in German in the first half of 2006, with around EUR 10.3 bn of that going into retail properties, reveals Atisreal's newly-published Retail Market Report.
Investment in German retail properties has sharply increased in 2006, according to a new report by consultancy firm Atisreal Deutschland. Around EUR 18 bn was invested in commercial real estate in German in the first half of 2006, with around EUR 10.3 bn of that going into retail properties, reveals Atisreal's newly-published Retail Market Report.
The total retail property investment in the first half of 2006 represents a massive increase of more than 500 percent over the total for the same period in 2005, EUR 1.6 bn. The sale of the KarstadtQuelle portfolio of 174 properties for EUR 4.5 bn made up a large part of the increase, Atisreal said.
Around EUR 7.1 bn of turnover in the first half of 2006 related to portfolio sales, compared to EUR 5.3 bn in the whole of 2005. Opportunity and equity funds made up over 75 percent of investors, with the majority (66 %) coming from the US, followed by the UK (12%) and Germany (6%).
