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Paper eres2005_123:
Trends in German Institutional Real Estate Investment

id eres2005_123
authors Bone-Winkel, Stephan; Ramon Sotelo and Martin Becker
year 2005
title Trends in German Institutional Real Estate Investment
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary In autumn 2004 FERI Institutional Management GmbH in collaboration with the Department of Real Estate at the European Business School, Germany designed and carried out the first broad interview based research study on the German institutional real estate market. Representatives of 50 German pension funds, 30 insurance, 25 financial and 11 industrial companies, with a total investment volume of app. 775 billion and real estate assets of 51 billion have been interviewed. The interviews focused on the current real estate asset allocation and the portfolio strategies for future real estate investments. Moreover, a competition analysis of German real estate vehicles and asset managers has been derived. The direct and indirect investments and asset allocation strategies of German institutional investors provide a valuable insight into their future investment behaviour. The study broadly predicts a further shift from direct to indirect investments. Further on, the features of institutional investment behaviour set the scene for a successful introduction of German REITs.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session Session F1
last changed 2008/11/01 09:47
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