Degi, the real estate investment arm of German insurance giant Allianz, says the volume of worldwide property transactions will reach a new record level of around $800 bn (EUR 568 bn) in 2007. This would represent a rise of almost 18% on last year’s total of $682 bn (EUR 484 bn), which itself was 38% up on 2005. The volume of cross-border transactions alone is already up by 73.5 % to $ 288 bn (EUR 204 bn) this year.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
