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Article: Germany : German Property Funds Shop in Europe With $11 Billion.

Article from:
TendersInfo
Article date:
October 30, 2009
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Byline: babalu03

Matthias Danne, head of Germany s largest real estate mutual-fund company, is ready to return to the commercial property market and make purchases in France, Germany and the U.K. after prices dropped as much as 45 percent.

For the first time in five or six years, we can buy Class A properties in prime locations, the DekaBank Deutsche Girozentrale management board member said in an interview at the Expo Real trade fair in Munich, which takes place in October each year following the Oktoberfest beer festival. Two years ago, it was too expensive.

Deka, Commerz Real AG and Union Investment Real Estate GmbH are leading a revival in ...

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