'02 German Investments up 16% in Five Major Markets

FRANKFURT-Not all German investors are bringing their euros to the US. A study to be published next month by German property consultant Atis Real Muller examines investment volume in five key German markets and finds that ’02 investments in those cities spiked up 16% over the previous year. Commercial property investment last year in Berlin, Dsseldorf, Frankfurt, Hamburg and Munich jumped to more than 7.4 billion euros, up from 6.4 billion in 2001, according to the firm’s Investment Market Report 2003.

The study finds the biggest increases in Hamburg and Dsseldorf. In Hamburg, investment increased a whopping 75% over the one-year period, from 684 million euros to 1.2 billion. Dsseldorf’s volume also went up a heady 55%, from 562 million euros to 871 million.

Frankfurt continues to lead the pack, however, despite a 1% decline in transaction volume to roughly 2.7 billion euros. Next in line is Munich, which saw a 20% increase over ’01 volume for a total of more than 1.4 billion euros. Berlin transactions also fell slightly, .5%, finishing the year with 1.23 billion euros in investment volume.