EXPO REAL: Half of total investment in to Germany’s real estate sector is now undertaken by overseas investors, according to research by JLL.
The figure for the first half of 2015 for deals more than €100m (£74m) is a huge increase on 2014, during which only 20% of overseas capital made up total investment volumes.
North American private equity funds have been the largest investors in Germany this year thus far, accounting for 28% of deals. French capital makes up for its largest proportion yet with 17% or €2.4bn – already eclipsing the €1.7bn invested for the whole of 2014.
A dramatic influx of capital from China and the Far East is yet to occur, although Korean investors accounted for €417m.
Matt Richards, head of JLL’s international capital group, EMEA, said: “As Europe’s largest economy, properties come at a premium, but in terms of capital values, Germany has yet to catch up with London or Paris and this is appealing to many investors looking to expand in Europe.”
