Last year German real estate investor Commerz Real dropped $850M on Manhattan office building 100 Pearl St. in one of the biggest New York office deals since the pandemic. And it is not done in the U.S. yet. Commerz Real is opening an office in New York in the second quarter of the year, Bisnow can reveal, as it looks to increase its exposure to U.S. real estate, which currently stands at about $2.5B. “The U.S. is a significant part of our portfolio, and we’re looking to increase our activity there,” Commerz Real Chief Executive Henning Koch told Bisnow. “We’re concentrating on large gateway cities — we like the liquidity, the fact that it’s easy to get in and out, and there is a big yield spread in comparison with Germany.” 
Commerz is not alone among German investors looking to put serious capital to work in the U.S., as the global cross-border real estate investment market starts to normalise after a staccato couple of pandemic-afflicted years. German investors have always been among the top investors in the U.S. As a nation of…  Read the full story here. | 
