Jan 07, 2009

Zabel profits from increased demand for Berlin property

  • Local brokerage house for properties with 40 % growth in sales
  • Strengthening of market position following takeover of British
    "Berlin Capital Investments

"Berlin January 7th, 2009 – not a bit of a crisis: The Zabel Immobilien KG looks back on a successful 2008. In spite of the financial crisis the company registered many client investors and experienced a growth in sales of 40%. In 2009 business also looks promising. As a result of the increased demand from international clients for Berlin property, the German company Zabel Immobilien KG took over the German activities of the British brokerage house "Berlin Capital Investments" (BCI).

While the market for commercial property suffers severely under the financial crisis, the market for residential property continues to profit. International clients show a preference for the stable Berlin market, in particular the upper segment in exclusive locations where Zabel Immobilien KG holds a prime position.

Zabel can look back on more than 15 years' sales experience. It not only has an in-depth knowledge of the Berlin market, but also boasts an excellent range of products in the company portfolio. Zabel has access to all the important developments of German and international market participants in Berlin . The take-over of the British "Berlin Capital Investments" reinforces this great market position.

Zabel Immobilien KG takes over the functions of Due Dilligence, which includes financial consulting, sales contract handling and full service-customer support. The additional six team members of Berlin Capital Investment benefit from long term sales experience in business with international investors. General international activities will be handled by BCI with Zabel, whose headquarters are based in Berlin , managing the German division.

"Considering the current turbulences in international capital markets, we are very fortunate in maintaining excellent business results. Zabel profits are higher than average, derived from the increased demand for residential property investments in the stable Berlin market. A combination of Zabel Immobilien and Berlin Capital Investments is logically best able to operate in the market", says Tim Bogen, Head of sales Berlin Capital Investments.

Michael Ries, Director of Sdax, listed Vivacon AG in Cologne and an important product supplier of Zabel, comments on the affiliation: "The growing dedication from international investors shows the confidence in Berlin and confirms our strategy to develop high-end real estate projects in the German capital."