The open-ended real estate fund grundbesitz-invest of DB Real Estate Investment Gmbh reached EUR 8 bln. The first transaction was recoreded on 27 October 1970. Today the fund owns 120 objects mainly in West German city centers and European large cities.
The value increase is expected to reach 5% by the end of this year. Since start of operations value increase amounts to over 620% in 32 years.
The fund has profited tremendously from the concentration of all real estate investment activities within the Deutsche Bank. Presently the company employs over 1,500 real estate propfessionals on four continents and real estate assets under management wich surpasses USD 47 bln. DB Real Estate has a market share of 23% of all open-ended German real estate fund and with that it is the largest in Germany.
(source: DB Real Estate)