German real estate attracts investors
The investment market for German commercial real estate accelerated even further during second quarter 2015, according to Savills.
In the second quarter, more than €14 billion ($15 billion) was invested into commercial properties in Germany, which brings the half-year total to €23.8 billion ($26.2 billion).
Germany’s 12-month investment volume rose by 18 percent compared with the 12-month volume at the end of the first quarter to €46.8 billion ($51.53 billion).
“What we are currently seeing on the German commercial investment market is to be called a supercycle, and the first half of the year can only have been a temporary peak,” said Andreas Wende, COO and head of investment – Germany at Savills, in a statement.
Throughout the first half of 2015, more than €9.5 billion ($10.5 billion) was invested in retail properties. Office investment totaled €8.7 billion ($9.6 billion),