Search
 

'02 German Investments up 16% in Five Major Markets

FRANKFURT-A study coming out next month will show major increases in a number of key German markets last year. Dusseldorf and Hamburg boasted the biggest gains, up 75% and 55% respectively.

By Glen Thompson | Updated on February 12, 2003

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.