BERLIN, June 25, 2012 /PRNewswire/ --
Statement by Marc Wiese, Chief Executive Officer of SANUS AG
"We are expecting rising prices and a very good return on investment, also in the future. Berlin is young and emerging. Above all the eastern districts offer investors attractive building land as well as objects with a high appreciation and development value - conditions that have not been able to be found in metropolises such as Paris and London for many decades. Moreover, the price level in Berlin, with average rents of EUR6.59 and square metre prices averaging EUR1.889, is comparatively well below the national as well as international market. These factors, combined with increasing numbers of inhabitants and households as well as economic growth, are leading to an exponential rise in demand for housing.
As a result, the Berlin transaction market is growing in significance internationally. In the capital city alone, 83,000 housing units were traded last year with this number set to rise. In this context we have been able to establish that increasingly more individual development objects from larger portfolios are being released. Relevant sellers are above all Iceland, Scandinavia and Israel. On the part of the purchasers, the market is currently characterized, alongside wealthy private investors from within Germany, by the commitment of private family offices who are stockpiling portfolio properties with a six percent return. Furthermore, also the interest of institutional investors, such as pension funds and life insurances has again increased strongly."
Marc Wiese was appointed Chief Executive Officer of the Berlin-based SANUS AG in September 2011 and commands 15 years experience as an international real estate expert. After holding a variety of management positions at GSW and BauBeCon, he was appointed National Director at Victoria Properties in Copenhagen in 2007. Marc Wiese would also be pleased to hold further discussions with you.
SANUS AG is one of the leading real estate companies in the capital city. Their core skill lies in the modernization and refurbishment of old buildings. As project developers, the company also constructs numerous new buildings. Currently SANUS AG is developing approximately 80,000 square meters of living space.
SOURCE SANUS Beteiligungs AG