Residential property in Germany, a growth story
Transaction volume in the German residential market remains strong in the first quarter of 2013 as investors sell assets in the hope of profiting from buyers motivated by increasing property prices and rental demand.
Corestate Capital, based in Switzerland, announced the €250 million sale of a German mixed-use portfolio to German institutional investors. The portfolio was originally purchased in a distressed state, and includes repositioned commercial and residential units in North Rhine–Westphalia, Hesse and Berlin.
Thomas Landschreiber, COO at Corestate, says the company will continue creating products that respond to the demand for German properties.
A growing population, strong economy and lack of new construction in the major city markets have made German residential property a stable and secure investment, creating a strong demand that has encouraged investors to shed thei