News from 03/02/2007
Investment market: Transaction volume of over €70bn expected
According to a study from Ernst & Young Real Estate GmbH, the boom in the German property market will also continue in 2007. The transaction volume is likely to exceed €70bn, said Hartmut Fründ, Managing Partner at Ernst & Young. Financial investors in 2006 who were mostly active as buyers, are increasingly adjusting their portfolios and selling properties.
Berlin: Charité wants to sell 20 sites
Berlin's Charité wants to sell around 20 sites. The properties and plots which can be sold include, among others, the former women's clinic on Monbijou street and several villas. The Charité spokesperson, Kerstin Endele, disclosed this after a meeting of the board of directors. In the meeting, the resolution Master Plan “Charité 2015â€? was passed – the goal of which is to reduce operating area by approximately 30%, Endele explained. Most of the existing properties that are for sale have been turned over to the state-owned Liegenschaftsfonds, so that it can sell them for Charité. The revenue from the sale will flow into urgently needed investments.