IVG Immobilien AG's €400 million ($551.1 million) purchase of the Silberturm office tower and an adjacent building in Frankfurt's banking district last week is the latest in a wave of high-profile real-estate deals in Germany's biggest cities.
And while investment in European commercial property is expected to slow in the fourth quarter amid economic uncertainty and tight lending, industry experts say buyers will continue pumping cash into German real estate in the fourth quarter and 2012.
Market observers say German cities such as Frankfurt, Munich, Hamburg, Düsseldorf and Berlin are less affected by economic concerns and speculation about the fate of the euro zone than other markets across Europe.(more)
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