Deutschland
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Grainger entered Germany in 2006 to take advantage of the enormous opportunities offered by Europe's largest residential market. Many portfolios have become available in recent years as ownership has shifted from municipal companies and large corporates towards private sector investors. We now own some 7,180 primarily residential units with a market value of more than €517million (30 September 2009).
Single occupancy in Germany continues to rise and the supply of new housing is diminishing, which will create further opportunities in the future. We are concentrating on the more economically dynamic regions of Germany (Baden-Württemberg, Bavaria and the Rhine-Main area) as well as the major cities such as Berlin, Hamburg, Cologne, Dusseldorf and Munich.
Our background as a long-term specialist residential property owner and investor differentiates Grainger from the many purely financial investors and our long experience in asset and property management gives us a significant advantage over short-term players with no expertise in German real estate.
During 2009, Grainger cleared all regulatory hurdles arising from the April 2008 acquisition of FranconoRheinMain AG, a quoted residential company based in Frankfurt and the company has now been de-listed.
Contact:
- Peter Brock, MD Grainger Deutschland GmbH, pbrock@graingerplc.de or +49 (0) 69 255 346 100
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