German Property Wanted
The very fact that German property wanted is even merits being put in a post on any property related website is a good omen for many Irish and UK based investors who flocked to Europe’s largest economy over the past decade to source investment grade property product. It is a vindication that their decision was, in all probability, correct. Property in Germany has done very well over the past decade, which is more than can be said for most global property markets. Hence the reason for German property wanted ads here (and elsewhere). It is, in the main, a good product with which to be associated.
As many Irish and UK investors, either in their own right or as part of a syndicate of some description, purchased property between five and ten years ago in Germany, it is very likely that some of them are now looking to sell some of it. In such a case, the fact that German property wanted ads are being posted anywhere is a good thing.
The requirement of the client in this case is as follows:
It is an American REIT fund seeking property with 10 years plus income in Germany. The REIT is looking at all sectors (except Hotels and Nursing Homes) and in both the East and West of the country.
The client requires leases of no less than 10 years to a credit worthy tenant and will buy from €20m per building (one tenant one asset deals or a portfolio from the same owner). They are likely to be buyers of secondary stock let to a good tenants and are looking for yields of 7% plus that they won’t get out of prime location stock.
If you or someone you know is looking to sell German property then you might get in contact on info@diarmaidcondon.com.
