CommercialNetwork: Closed Online Marketplace Launched for Major Property Deals in Germany

BERLIN, June 17, 2011 /PRNewswire/ --

Germany's leading property portal ImmobilienScout24 launched in 2010 with CommercialNetwork a closed online marketplace for discrete property deals. The new platform is now available to foreign investors and portfolio holders. Only investment properties in Germany from a volume of five million euros are traded on CommercialNetwork.

CommercialNetwork is aimed at banks, funds, institutional brokers, investment companies, insurance companies, family offices and other companies offering larger property packages in Germany. Any players active in this market can either enter buyer profiles or offer properties for sale at http://www.commercialnetwork.co.uk.

CommercialNetwork intelligently matches investors with suitable investment properties. This is done by special software that checks offers and searches for important key data such as investment volume, location and size. Contact is then established via anonymised contact stages. The contact and property data is only forwarded when broad agreement has been reached on both sides to buy and sell. Thanks to this marketing mechanism, the anonymity and discretion required in this sensitive market are ensured.          

CommercialNetwork opens up German market to foreign investors

Foreign market players gain better access to the German investment market with CommercialNetwork. International investors can find interesting investment properties on the platform, while foreign portfolio holders looking to sell can find new potential investors. Thanks to the accuracy of the matching software, transaction costs can be reduced significantly.    

"The German property market is currently much in demand among international investors thanks to its low volatility and good opportunities for deals. With CommercialNetwork we offer foreign investors a unique opportunity to acquire top investment properties throughout Germany from a volume of five million euros. Foreign portfolio holders with property in Germany can also efficiently sell property via the new platform," explains Thomas Gawlitta, Head of CommercialNetwork at ImmobilienScout24.

All market participants on CommercialNetwork are checked for reliability before they use the platform. Basically only properties from an investment volume of at least five million euros can be offered on CommercialNetwork. Thanks to these strict requirements, the quality of the marketplace is ensured. In addition to the actual marketplace function, CommercialNetwork offers a number of useful additional services such as data room services or property valuations.

About ImmobilienScout24:

ImmobilienScout24 is Germany's largest real estate market. With more than 5 million users (unique audience) per month, the website is by far the most highly frequented real estate portal in the German language Internet. In addition to that, every month there are 250 million virtual property visits conducted on the portal.

At ImmobilienScout24 more than 1.2 million different properties are offered every month. The company is based in Berlin and has more than 500 employees. ImmobilienScout24 is part of the Scout24 Group, whose services are used by 8 million people. In addition to ImmobilienScout24, AutoScout24, ElectronicScout24, FinanceScout24, FriendScout24, JobScout24, TravelScout24 and the portal Jobs.de also belong to the Scout24 Group. Scout24 is part of the Deutsche Telekom Group.

Contact
Marcus Drost
Phone: +49(0)30-24301-1418
Mail: presse@immobilienscout24.de

SOURCE ImmobilienScout 24