MUNICH - The market for securitised real estate loans is set to explode to $ 1 trillion within the next ten years, according to Robert Grassinger, board member of Hypo Real Estate Bank International. The increase will be fuelled largely by the growing popularity of this type of financial instrument in Europe, he said at a conference at the Expo Real trade fair in Munich on Tuesday.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
