German businesses most confident since Berlin Wall torn down

Booming exports meant companies in the eurozone’s strongest economy grew more optimistic in February for the ninth month in a row, despite the debt crisis that is still surrounding weaker euro nations.
The monthly confidence index from Munich University’s Ifo Institute climbed to a reading of 111.2 from January’s 110.3, defying economists’ expectations for a slight dip in sentiment. Demand for German products has seen the country benefit strongly from the recovery in global demand since the financial crisis.(more)
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New Berlin Airport to Connect High-Tech Eastern Germany With Asia

BERLIN and NEW DELHI, February 21, 2011 /PRNewswire/ — Berlin’s new airport, opening in June 2012, comes at a time when the capital region is facing record numbers of business travelers and tourists. And with Germany Trade & Invest witnessing increased investor interest from Asia – especially in Germany’s high-tech regions of Eastern Germany – the airport will provide increased capacity and decreased travel times to Asian destinations.
Thanks to the upswing in investor interest from Asia, Germany Trade & Invest is introducing Eastern Germany’s latest asset to companies across the continent. On February 22, Indian investors in New Delhi will receive a preview of the Berlin Brandenburg International Airport (BBI). The passenger hub is Europe’s largest new airport under construction and will have a capacity of 27 million passengers when it opens, including an expansion option to handle 45 million passengers annually. Travel times will be up to one hour shorter to Asian destinations compared with other European hubs. (more)

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Google creating internet institute in Berlin

Google has been the frequent target of Germany’s data protection officials, but instead of retreating from the country, the US web giant is reportedly planning to create a leading internet research facility in Berlin

“We won’t just massively expand our German team in the areas of marketing and engineering, we’ll also make a substantial financial investment to build a new institute for internet and society in Berlin,” outgoing Google CEO Eric Schmidt wrote in daily Die Welt on Wednesday.

Schmidt said two things stand out to him when he considers the world economy – the flourishing internet and the way Germany’s thriving industry overcame the global recession. (more)

German Investor Confidence Rises for a Fourth Month as Economy Strengthens

German investor confidence increased for a fourth month in February as Europe’s largest economy gathered strength and stocks rose to a three-year high.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict developments six months in advance, rose to 15.7 from 15.4 in January. That’s the highest July 2010. Economists forecast a gain to 20, according to the median of 38 estimates in a Bloomberg News survey.(more)
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German 2011 Construction Industry Sales to Grow 1.1%, ZDB Says

German construction-industry sales will grow 1.1 percent this year as lower unemployment and an expanding economy encourage homebuyers and entrepreneurs to invest in property, the ZDB group said.

Home building sales will probably grow by 3.2 percent and new commercial property sales by 2.7 percent, lifting sales for the sector as a whole to 82.6 billion euros ($112.7 billion), the Berlin-based group said in a statement today. Public sector cutbacks in building sales of 2.7 percent this year will curb faster overall growth, it said. (more)
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German Stocks Increase to Three-Year High; Adidas, Deutsche Bank Advance

German stocks rose, sending the DAX Index to its highest level in three years, on speculation increasing corporate earnings will continue to support the rally in equities.
Adidas AG gained 3.6 percent after Chief Executive Officer Herbert Hainer was reported as forecasting a positive growth trend for 2011 and higher sales from China. GEA Group AG jumped 6.2 percent after the engineering company reported profit that beat analysts’ estimates. SolarWorld AG surged 6.7 percent after full-year earnings advanced.
The benchmark DAX added 0.9 percent to 7,283.62 at the 5:30 p.m. close in Frankfurt, the highest level since January 2008. The gauge has gained 5.3 percent this year amid optimism that the global economic recovery is gathering strength. The broader HDAX Index rose 1 percent today.
“It doesn’t look like the world economy is going to lose any momentum in 2011, if anything it is gaining momentum,” said Mike Lenhoff, chief strategist in London at Brewin Dolphin Securities Ltd., whose parent company oversees $33 billion. “This will be supportive for equities.” (more)
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German unemployment falls amid economic optimism

Berlin – German unemployment fell to its lowest level in nearly two decades in January, official data released Tuesday showed – adding to optimism about the outlook for Europe’s biggest economy.

The 13,000 drop in seasonally-adjusted unemployment came after the numbers out of work posted a surprise increase in December, following a bitterly cold winter weather that hit outside work such as in the construction industry and caused havoc in the transport sector. The unemployment rate edged down from 7.5 per cent in December to 7.4 per cent this month – its lowest level since 1992.(more) Your German property investment answer, buyberlin

Corestate completes sale of €39m residential portfolio in Berlin

Monday, 31 January 2011

Germany – Corestate Group has completed the sale of a Berlin-based residential portfolio to Zentral Boden Immobilien AG (ZBI) for €39 million. Comprising 894 apartments located in the districts of Britz and Rudow in Berlin, the portfolio offers more than 48,000 sq m of lettable space and is fully let. The Britz and the Rudow assets generate a rent between €5.00 and €6.00 per sq m. Great German Real Estate Advisory Team GmbH advised Corestate exclusively on the transaction. (more)

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Beos plans EUR 350m worth of German acquisitions in 2011

Saturday, 29 January 2011

Beos plans EUR 350m worth of German acquisitions in 2011

Germany’s Beos has unveiled plans to invest up to EUR 350 mln in commercial real estate this year after the launch in 2010 of its first spezialfonds with a spending capacity of EUR 400 mln.

‘We intend to acquire 15 to 25 buildings in the seven metropolitan areas of Berlin, Hamburg, Cologne/Bonn, Düsseldorf, Frankfurt, Stuttgart and Munich, as well as in growth regions as Karlsruhe or Regensburg,’ the company said in a statement. (more)

Your German property investment answer, buyberlin

German consumer confidence shot to three-year high as economy improves

Wednesday, 26 January 2011

What a difference 500 miles and a healthy manufacturing sector makes: while Britain’s economy contracted yet again today, German consumer confidence shot to its highest level in three years.

Couple that with stunning profits from Siemens and there can be little doubt that Germany’s economy is not only putting Britain’s to shame but also driving the eurozone’s fragile economic recovery.

New figures show that German households are happy spending again following the worldwide economic downturn. The forward-looking GfKconsumer sentiment index predicted a rise to 5.7 points for February, compared to 5.5 points for this month. Gfk had previously forecast a dip to 5.4 points, which would have been the first decline in six months. (more)

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