111 residential packages comprising just below 49,500 units changed hands in Germany in 2010, according to international real estate advisor Savills. The investment volume of these transactions totals just below € 3 billion, a similar level to 2009. The research shows that despite the number of transacted units and the transaction volume decreasing by approximately 10% in both cases, the number of portfolios sold increased slightly. Savills reports that whilst figures are marginally lower than 2009, a number of larger-scale transactions were in the final phase of the due diligence at year end 2010 and are expected to conclude during the course of Q111.

In terms of overall performance, 2010 saw a strong level of activity in H1. In total, approximately 50 portfolios changed hands in each half of the year but it was the major transactions that were recorded in H211. In fact, nine out of the total of twelve transactions in excess of 1,000 units were concluded in the first half of 2010. “As was the case in the previous year, the majority of transactions took place in the smaller lot size category”, explains Matthias Pink, researcher at Savills Germany. “Four out of five transactions comprised less than 500 units”, adds Pink.

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For further information please contact
Research
Matthias Pink
+49 (0) 30 726 165 134
mpink@savills.de

Corporate Finance – Valuation
Karsten Nemecek CFA
+49 (0) 30 726 165 138
knemecek@savills.de