- September 25, 2013
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A massive transfer of military properties in Germany is getting under way as the facilities used by that nation’s military, as well as that of Britain and the United States, are turned over. Those nation’s armed forces are scheduled to vacate 143 square miles over the next five years, creating opportunities for manufacturers of cars and solar panels, homebuilders and other uses, reports Bloomberg News. Daimler AG is in talks to purchase a 1,236-acre complex in the Black Forest to build a testing ground for luxury automobiles. BMW plans to build its own R&D center at a former barracks in Munich. Munich has bought bases that it plans to turn into residential neighborhoods, taking advantage of the right of German cities to acquire properties before they’re put on the market. A former U.S. Army complex in Heidelberg will be converted into student housing, according to the story.