The demand powerful boosts business with closed-end real estate funds for residential real estate. Also the SHB benefit fund. Real estate funds committed in Germany were the hit of the placement year according to the Association of closed-end funds (VGF) 2011. Private investors they could collect 33 percent more equity capital than in the year before, with institutional investors booked even a rise of 72 percent. Total these assets, which include the SHB real estate funds, could grow by 38 percent.
A growing commitment of the insurance industry was also observed. According to 208 million euros in 2010, these drew shares with a volume of 715 million euros last year. Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG), sees in it a clear vote in regard to private investors: insurance companies suffer from the little attractive interest rates on the capital market and shy away from the stock market due to the worsening capital adequacy requirements. In closed-end real estate funds rightly see the chance of a safe Good return on investment.” “With regard to exceed residential real estate already the first quarter 2012 with a transaction volume of around 3.5 billion euros all expectations, explains Gruber: 5.8 billion euros were traded In the entire year of 2011.” So that already more than half of the total turnover of the previous year was traded in only three months.” Compared to the period from January to March 2011, the fund initiators were able to achieve a business growth of 135 percent. The sector shows clearly differentiated according to SHB funds expert Hans Gruber Office real estate. On the most important sites of Berlin, Dusseldorf, Essen, Frankfurt am Main, Hamburg, Cologne, Leipzig and Munich with 645.000 square meters by one percentage point sales remained slightly below previous year’s level.
This must distinction but at the usually very popular sites. According to Gruber have only Cologne, Leipzig and Frankfurt am Main an increase of up to 115 percent to retract. All other cities have, however, also on high Level recorded a minus. “However, this is only a snapshot, explains Hans Gruber SHB innovative fund concepts AG (SHB AG): the stable Constitution of German companies and confident predictions of future economic development are clear indicators for the future development of the market of Office.” However, a balancing act between the interests of the tenants and the landlord must be made increasingly. While the former wanted to stay increasingly flexible and placed emphasis on shorter terms, the latter with regard to the expected rental income had a considerable security needs.