WARMEST WISHES FOR A HAPPY HOLIDAY SEASON AND A WONDERFUL NEW YEAR
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BERLIN GENDARMENMARKT
13 APARTMENT BLOCKS ACQUIRED IN 2012: 8% AVERAGE RENTAL YIELD MARCO KNOBLAUCH Group Managing Director
NEWSLETTER
DECEMBER 2012
“It has been a very busy and exciting 2012 for the asset management teams here in Berlin. This year we’ve created two new collective investment funds for international investors and also opened three funds for private investors. The German residential property market has been very popular for investment as the overall market conditions still remain very positive. Property prices are still
low but rising, the rents are increasing steadily, at a faster rate of inflation at the moment and finally interest rates are at their lowest for the last 20 years. Propfund Germany took advantage of these unique market conditions by acquiring 13 apartment blocks for over €20million consisting of 330 apartments. Most of the apartments are already fully rented and we are very happy that the
average rental yield is now over 8% ensuring each of our funds maintain profitability each year for our investors. We look forward to welcoming more investors to Propfund during 2013 as we continue to create wealth and profitability from the world’s most exciting real estate market.”
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