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Investment market: Activity up slightly in Q3

According to the latest figures from the major brokerage firms, the real estate investment market in Germany appears to have been unaffected by the current economic crisis. The volume of investment in Q3 – depending on the report – was €5.7 billion (CB Richard Ellis) to €6 billion (BNP Paribas). Activity increased over the previous quarter, but only by 1.5%. That, however, constituted one of the strongest third quarters since 2007, according to CBRE. The totals found for the first three quarters were €16.8 billion to €17.3 billion, thus marking an increase of more than one third over the same period last year. All of the studies also found that market activity continued to focus heavily on core properties and that investor interest is still focused on retail property, which accounted for about half of therevenue. Given that a number of large deals are now close to completion, the expected investment volume for all of 2011 was forecast at €20 billion (CBRE) to €24 billion (JLL).

(Source: berlinleaseback.com)