Berlin and Frankfurt compete for top position Comparatively low levels of income and rents, a broad mix of industries and a growing service sector are what make Berlin particularly attractive as a business location.
Dr. Bruno Ettenauer, Chair of the CA Immo Management Board says: “In conjunction with a traditionally modest supply of new area, this yields a growth market that is resistant to crisis from the point of view of the property investor, and one in which CA Immo will also be planning to increase its activities in the years ahead.” Frankfurt is and will continue to be a top location but is more vulnerable because of its ongoing strong orientation to the banking sector.
Targets for 2012 More than 80% of the total investment volume for 2012, a sum of € 300m, will go into current building projects in Germany. Frankfurt and Berlin, in particular, will be the focus of investment activity. Bernhard H. Hansen, Development Executive at CA Immo had this to say: “With the completion of the Skyline Plaza retail centre planned for 2013, we will have largely finalised the development of Frankfurt’s Europaviertel quarter. In Berlin, with more than one million sqm property reserves, we still have enormous potential for urban district developments and we will be implementing these optimally step by step and putting them on the market in the years ahead.”
Extract taken from on Property Magazine International 18th January 2012