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.
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