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Who's buying into Germany?

November 10, 2011 10:49
There is growing demand for German property like these Berlin flats

ByCandice Krieger, Candice Krieger

3 min read

An increasing number of Jewish investors are putting their faith - and cash - into Germany.

According to David Kaye, commercial director at leading investment-banking group Shore Capital plc, which reported a pre-tax profit of £4.3 million for the first half of the year, Israelis in particular are playing a more prominent role when it comes to investing in Germany.

Shore, which has £1.33 billion worth of assets under management, looks after around £558 million (€650 million) worth across Germany, mainly property.

Manchester-born Mr Kaye, 33, says: "We are certainly not unique in our willingness to go over there. We have seen an increasing number of British Jews looking at the German residential market and there is definitely activity from Israel. There are quite a few big entities operating there."