European commercial property volume increases to €45b in Q1
Commercial real estate investment volume across Europe reached an estimated €45 billion ($49 billion) during first quarter 2015, according to research from DTZ. This is a 22 percent increase compared with first quarter 2014, which saw European transaction activity of €36.8 billion ($39.8 billion).
Nigel Almond, head of capital markets research at DTZ, said in a statement: “The positive momentum in the market has continued into 2015. Investment continues to be driven by strong activity in the core markets of the United Kingdom, Germany and France. The positive momentum has also been maintained in the periphery, with volumes up in both Italy and Spain, [and] with positive developments in the Czech Republic and Baltic States.”
All property sectors have seen large acquisitions. In Germany, a two-property Berlin apartment portfolio totaling 5,750 units was acquired by