After selling real estate holdings for $83 bn (EUR 59 bn) in 2006, many German investors are cash-rich and have made a strong return to the acquisition trail in 2007, according to research by Jones Lang LaSalle published at EXPO REAL in Munich on Monday. The research shows German investors have increased their cross-border purchases by 96% to $ 13 bn in the first half of this year, compared with 2006.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
