BMO considering apartments and office properties
BMO’s transaction volume in Germany in 2018 was €61mn more than in the previous year, setting a new company record of €931mn. The company’s retail share fell from 68% to 53%, while its residential segment was expanded to 23%. BMO announced that it sees attractive investment opportunities for this year as well, particularly for apartments and offices in Germany’s B and C cities. It is well positioned for club deals and is at work on new products for institutional investors. Real estate assets under management in Germany rose 15% to approximately €3bn. BMO let 833,000 sqm in over 250 properties, 94,500 sqm of which involved new leases. Its largest acquisition in 2018 was a commercial building complex at Leipziger Platz 14-16 in Berlin’s Mitte district.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.