The tense and restrained situation on the investment market has also considerably reduced the classical transaction turnover of DEGEN Unternehmensberatung, Cologne, in comparison with the previous two years (over 200 mill. euros per year in 2006 und 2007). Marketing of larger portfolios or individual investments with volumes of over 50 mill. euros has hardly been realisable any more since the 2nd quarter 2008 or were not even presented on the market at all. On the other hand, small investments of up to 30 mill. euros have been liquidated at almost the same price level as in 2007. Particularly in the case of DEGEN, offers were restricted almost exclusively to retail trade products in 1 A locations (core / core plus), residential portfolios (opportunistic / value enhanced) and classical office properties (value enhanced / core / core plus). There were no special properties such as hotels or nursing homes included in the range of offers this year.

This year, amongst others, business sectors such as the Sector Finance have moved to the fore. Due to the tense and difficult financing situation on the market, the number of enquiries for suitable refinancing solutions has increased considerably. With a loan procurement volume in the 3-digit million range, this business sector belongs to the most predominant this year and will also probably be so next year. Also, pure consultancy services for transaction procedures or the initiation of funds have clearly increased again at DEGEN this year. Next year, apart from the classical marketing of investments, it is also
intended to expand financing brokerage and the initiation of funds and participations even further, and to consolidate these. In doing so, it is planned to involve additional markets apart from the German investment market, such as the Netherlands and other European countries, for the purpose of possible
marketing.