CommercialNetwork: Closed Online Marketplace Launched for Major Property Deals in Germany

BERLIN, June 17, 2011 -

Germany‘s leading property
portal ImmobilienScout24 launched in 2010 with
CommercialNetwork a closed online marketplace for discrete
property deals. The new platform is now available
to foreign investors and portfolio holders. Only investment
properties in Germany from a volume of five million euros are
traded on CommercialNetwork.

CommercialNetwork is aimed at banks, funds, institutional
brokers, investment companies, insurance companies, family offices
and other companies offering larger property packages in Germany.
Any players active in this market can either enter buyer profiles
or offer properties for sale at href="www.commercialnetwork.co.uk">www.commercialnetwork.co.uk.

CommercialNetwork intelligently matches investors with suitable
investment properties. This is done by special software that checks
offers and searches for important key data such as investment
volume, location and size. Contact is then established via
anonymised contact stages. The contact and property data is only
forwarded when broad agreement has been reached on both sides to
buy and sell. Thanks to this marketing mechanism, the anonymity and
discretion required in this sensitive market are ensured.  
       

CommercialNetwork opens up German
market to foreign investors

Foreign market players gain better access to the German
investment market with CommercialNetwork. International investors
can find interesting investment properties on the platform, while
foreign portfolio holders looking to sell can find new potential
investors. Thanks to the accuracy of the matching software,
transaction costs can be reduced significantly.    

“The German property market is currently much in demand among
international investors thanks to its low volatility and good
opportunities for deals. With CommercialNetwork we offer foreign
investors a unique opportunity to acquire top investment properties
throughout Germany from a volume of five million euros. Foreign
portfolio holders with property in Germany can also efficiently
sell property via the new platform,” explains Thomas Gawlitta, Head
of CommercialNetwork at ImmobilienScout24.

All market participants on CommercialNetwork are checked for
reliability before they use the platform. Basically only properties
from an investment volume of at least five million euros can be
offered on CommercialNetwork. Thanks to these strict requirements,
the quality of the marketplace is ensured. In addition to the
actual marketplace function, CommercialNetwork offers a number of
useful additional services such as data room services or property
valuations.

About ImmobilienScout24:

ImmobilienScout24 is Germany’s largest real estate market. With
more than 5 million users (unique audience) per month, the website
is by far the most highly frequented real estate portal in the
German language Internet. In addition to that, every month there
are 250 million virtual property visits conducted on the
portal.

At ImmobilienScout24 more than 1.2 million different properties
are offered every month. The company is based in Berlin and has
more than 500 employees. ImmobilienScout24 is part of the Scout24
Group, whose services are used by 8 million people. In addition to
ImmobilienScout24, AutoScout24, ElectronicScout24, FinanceScout24,
FriendScout24, JobScout24, TravelScout24 and the portal Jobs.de
also belong to the Scout24 Group. Scout24 is part of the Deutsche
Telekom Group.

Contact
Marcus Drost
Phone: +49(0)30-24301-1418
Mail: presse@immobilienscout24.de

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