Brandenburg: Danish investor acquires vacation properties for €20mn
A Danish private investor has acquired 100 vacation properties on the edge of Lake Scharmützelsee in Brandenburg from the Kristensen Group Deutschland, which quoted the purchase price at €20mn. The houses and apartments are located in the Kristensen Group’s vacation park in the Schlosspark Bad Saarow and the Marinapark Scharmützelsee in Wendisch-Riedtz. The Scharmützelsee is the largest lake in Brandenburg, situated between Frankfurt an der Oder and Berlin, south of Fürstenwalde an der Spree. Per Barlag Arnholm, the managing shareholder of the Kristensen Group Deutschland, commented that, “The investment shows that Danes trust the German market,” adding that German vacation homes are attractive because prices in Germany are currently lower than in Denmark.