2015 already record year for German RE equity placements

2015 is shaping up to be a record year for the volume of capital flowing into German real estate vehicles – both listed and private – after €10.4bn flowed into the sector in the first six months of this year, according to a new study by Barkow Consulting. The figure represents a 28% rise on last year.

Listed German property firms raised €5.1bn in the first half, while the entire figure for listed company capital-raising in 2014 was €4.7bn – itself a new record at the time. This year's figures have been bumped up by the huge capital increases in Q2 by housing giant Deutsche Wohnen's rights issue (€900m), followed in short order by Deutsche Annington with a massive €2.3bn capital raising.

CEO Peter Barkow said the third quarter was unlikely to come close to the "remarkable" second quarter, but that "The first half has been the best-ever start to a year, which will see 2015 already a record year for equity placements."

Meanwhile open-ended funds saw fund inflows leaping 55% to €2.2bn, while instituional Spezialfonds drew in €3.5bn, up 16% on last year.