US private equity firm Fortress to invest US$10 bln in German real estate (US/DE)

US private equity firm Fortress may invest US$10 bln in the German real estate market over the next three years, Financial Times Deutschland reported.

In the past three months, Fortress has raised US$2 bln to acquire German real estate, according to the head of the company's European operations, Robert Kauffman.

As the company commonly finances four fifths of its acquisitions via loans, the investment volume is boosted to US$10 bln, the paper said.

"We see great opportunities in Germany in the next few years," Kauffman said.
In a related report, Morgan Stanley's head of investment banking told Handelsblatt newspaper that private equity firms currently have up to about US$350 bln at their disposal.

"This money will be invested worldwide in the next few years," he said.
Source: Freeman News

Related News