IVG triples transaction volume to €2.25 billion in 2011 – purchases worth billions targeted for institutional investors in 2012
Bonn, 18.01.2012
- 130 individual transactions in Europe
- France, Germany, Sweden and Poland are the focal points
- Transaction volume to be maintained in 2012
After realigning the Transaction division, IVG Immobilien AG can look back on a 2011 that was very successful regarding transactions. In total, the transaction volume for IVG Investment and IVG Funds more than tripled year-on-year with around 130 individual transactions throughout Europe and a total volume of €2.25 billion.
“We are confident that we will maintain the transaction volume at the level of last year and maybe even increase it in the new year, despite the market environment becoming more difficult", explains Oliver Zimper, Managing Director of IVG Asset Management GmbH being responsible for IVG’s global transaction business. He adds: “Alongside classic purchases for our special funds investors, we are planning new national and European club deals as follow-on products from the Silver Tower in Frankfurt, which was acquired in 2011 to one of the largest individual transactions in the German real estate market. In parallel, we will continue to intensify our sales programme both for our fund investors and for IVG’s own portfolio.”
IVG is optimistic for 2012 and is targeting purchases worth approximately €1.5 billion especially for its institutional investors. As before, this will include screening at investments in retail property alongside the classic investments in office space.
Regarding sales, the geographical focus of transactions in 2011 was France (50% of all sales), Germany (17%), Sweden (13%) and the UK (11%). Purchases were dominated by Germany (54%), Sweden (17%) and Poland (10%).
IVG Immobilien AG
IVG Immobilien AG is one of the major real estate companies in Europe. The company manages assets worth approx. €22 billion and is located with approx. 590 employees in 19 selected major German and European cities. Via this network of local branches, IVG manages inter alia on balance properties with a market value of €4.1 billion. In northern Germany IVG constructs and operates underground storage caverns for oil and gas. In the fund segment IVG is the leading provider of tailored property funds for institutional investors. In combination with the closed-end funds for private investors, IVG manages funds and mandates amounting to a volume of €15.2 billion.
Press Contact
Martin Praum
Tel.: +49 (0)228 / 844-300
Fax: +49 (0)228 / 844-372
E-mail: martin.praum@ivg.de
