Uno Studio di DEGI Research: 2006, anno record per l'investimento immobiliare in Germania
Il property investment market in Germania è booming, dice DEGI, la grande società di Fondi immobiliari tedeschi - real estate investment manager del Gruppo Allianz -in uno Studio diffuso il 10 gennaio.
«2006 was a record year for the German property market. In 347 transactions, German properties worth 46.1 billion euros changed hands. Compared with the preceding year, this is an increase of almost 25 % in numbers and around 12 % in terms of volume, according to a market analysis by DEGI Research. Approximately 17 billion euros or 37 % of the total volume was contributed by German investors, with the lion’s share, as in 2005, coming from abroad, primarily from Europe (25.5 %), closely followed by North America (22.9 %). Depending on the type of usage, the investment volumes range from less than 10 million euros per transaction up to portfolio sales with a volume of 4.5 billion euros. The average volume of a transaction came to around 133 million euros, with substantial differences dependent on the countries of origin concerned. Transactions involving North American investors average more than twice this figure, with a mean volume of around 285 million euros, while German investors, with around 102 million euros per transaction, are below average. "Now that property has evolved into a global asset category, foreign investors are particularly keen to build up an exposure to German real estate in their portfolio, using high-volume portfolio transactions. German investors on the domestic market tend to opt for individual properties, taking specific investment opportunities, or filling gaps in their portfolios.", explains Dr. Thomas Beyerle, Head of Research & Strategy at DEGI».
Retail properties outstrip their residential counterparts
With 33.6 % of the total transaction volume, retail properties were most in demand, while their residential counterparts fell back from 43.1 % to 10.9 %. Office properties came second, with 25.9 % of the total volume, with mixed-utilisation properties following in third place at 21.3 %. Logistics properties, at around 2.1 billion euros or 4.5 %, remain in a minor role on the German investment market».
Largest transactions in 2006 (Fonte: DEGI Research, 2007)
| Utilisation | Transaction | Seller | Buyer | Volume |
| Retail | Department store portfolio | KarstadtQuelle | Whitehall Fund (51 %) / KarstadtQuelle (49 %) | EUR 4.5 bn |
| Office | Mars portfolio | DB Real Estate | Fortress/ Eurocastle | EUR 2.1 bn |
| Residential | Urban apartments | Dresden City Council | Fortress | EUR 1.74 bn |
| Logistics | Project Runway | DB Real Estate | Matrix Property Fund | EUR 122 m |