The UniInstitutional German Real Estate, aimed at institutional investors, will acquire properties valued at about 20 million euros to 50 million euros, the company said today in a statement.
German property has been one of the biggest beneficiaries of the European debt crisis as investors seek a safe place to put their money. Investors poured about 2.6 billion euros into open-ended German real-estate funds in the first eight months of this year, more than three times as much as in the same period a year ago, according to data compiled by the German Funds Association BVI.
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