Amundi sees leap in European real estate activity

Real estate soldAmundi Real Estate saw twice as much activity in 2015 than in the previous year, with acquisitions and sales growing 111%.

The subsidiary of France’s Amundi Group, saw a total volume of €3.6 billion in transactions in real estate funds and mandates.

Over €2.4 billion was invested in France – but also 30% of acquisitions by volume were mainly in Germany, the Netherlands, the Czech Republic and the UK.

Research recently showed that more real estate investors from outside of Europe were investing away from the UK and into other European countries.

Real estate investment in Europe increased last year to 30% above the long-term average.

A recovery in Spain tempted Invesco Real Estate to buy 11 hypermarkets there.

Amundi Real Estate’s assets under management increased by 39% to €12.9 billion at end-2015.

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