Investment in the German retail property sector amounted to EUR 3.47 bn in 2009, down 43% on the previous year, according to figures published on Tuesday by CB Richard Ellis Germany. The decline, which was in line with expectations, was primarily due to more difficult financing conditions and an accompanying fall in the number of potential buyers.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
