September 5, 2024September 5, 2024

Rich German Families Snap Up Trophy Real Estate After Price Drop

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As institutional investors steer clear of Germany’s battered commercial real estate market, wealthy families are sensing an opportunity to snap up trophy assets for cheap.

The ultra-rich private investors have closed deals worth €1.5 billion ($1.7 billion) across all property classes in the first six months of this year, according to data provided by real estate broker Jones Lang LaSalle Inc.

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