German asset and investment management KGAL has reported that its real estate transactions doubled in 2016, reaching €2.1 bn.
Acquisitions accounted for €840 mln of the total, with €1.24 bn of disposals and transfers of ownership from the fund and real estate leasing stock.
'These record figures confirm our real estate strategy whilst also encouraging us to continue on the path we have chosen,' commented André Zücker, managing director for Real Estate at KGAL Investment Management.
The Germany-focused business also saw a 33% year-on-year increase in lease agreements concluded and anchieved a record occupancy of 98.3% across its managed portfolio.
Photo credit: KGAL/Marcus Schlaf
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PropertyEU's Top 100 Investors publication with a ranking of investment manager based on 2016 transaction volumes is published in March. An update that incorporates newly available data will be published online later this year.
