Germany continues to be a region ideal for private wealth investment

Germany is still a country ideal for private wealth investment, despite the current Eurozone crisis.

This view is supported by the fact that AXA Real Estate Investment Managers has just acquired a major industrial asset in lower Saxony.

The company has bought a class A logistics warehouse that comprises 44,000sq m of lettable space, which is currently being rented by a major global automotive business.

Matthias Leube, manager director and head of real estate at the company, explained the acquisition.

He said: "The robust nature and growth potential of the German logistics sectorwill be the key drivers for delivering value from these assets.

"With the relative attraction of the local economy, Germany remains a key target territory for us, and, on behalf of a number of our clients, we are seeking further opportunities across this market, to add to our expanding portfolio in the region."

Berlin is also a good area in which to invest private wealth as the city is quickly becoming Europe's technology hub, Reuters recently reported.

That is because innovative start-ups are moving to the city due to low costs and a highly-skilled workforce.
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