The Pak Banker - - FRONT PAGE - Deutsche Bank Funds' prop­erty deal vol­ume rises to record

BERLIN: Deutsche Bank AG's as­set-man­age­ment unit said its real es­tate deals rose 65 per­cent to a record vol­ume last year as in­vestors sought com­mer­cial prop­er­ties in Ger­many. Deutsche As­set & Wealth Man­age­ment bought and sold 3.6 bil­lion euros ($4.3 bil­lion) of build­ings for its Ger­man real es­tate in­vest­ment funds, the coun­try's largest bank said in a state­ment to­day. The deals were done by Ger­many-based mu­tual funds and spe­cial funds for in­sti­tu­tional in­vestors, and most of the trans­ac­tions in­volved build­ings in Ger­many. "The year 2014 was a record for us, with ex­tra­or­di­nary mar­ket op­por­tu­ni­ties," said Ge­org Al­len­dorf, co-head of Euro­pean real es­tate at the unit. "In­sti­tu­tional in­vestors in par­tic­u­lar need ap­pro­pri­ate real es­tate in­vest­ment op­por­tu­ni­ties and fa­vor Ger­man spe­cial funds for that pur­pose."

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.