If institutional property investors were spooked by the stunning “yes” vote in Berlin’s expropriation referendum on Sunday, they had a funny way of showing it. On the same day that more than 1 million Berlin voters endorsed the proposal that around 230,000 properties should be forcibly brought into public ownership, the Swedish institutional real estate company Heimstaden Bostad announced a bumper new deal in the German capital. It has just bought 28,776 homes in Germany, Sweden and Denmark from its rival Akelius, with 14,050 of them “centrally located” in Berlin. The firm also announced its first move into the Hamburg market, snapping up 3,592 homes …
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