Wealthy families are seizing the opportunity to buy iconic buildings and offices at discounted prices as institutional investors retreat from Germany's battered commercial real estate market.
GermanyReal EstateCommercial PropertyInvestmentWealthy FamiliesReal Estate NewsSep 03, 2024
Wealthy families are snapping up trophy assets at discounted prices as institutional investors retreat from the market.
€1.5 billion ($1.7 billion) across all property classes in the first six months of this year.
Offices, iconic buildings, and locations, including mixed-use commercial properties.
Institutional buyers are cautious about putting money into office space, and there is a lack of serious competition.
It is one of the largest German commercial real estate deals so far this year and a sign of the growing interest of private investors in trophy assets.
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