This second portfolio acquisition in 2019 increases the portfolio to €1.4bn. : German investor DEMIRE Deutsche Mittelstand Real Estate has expanded its portfolio with the acquisition of five department stores for €71m. The manager said the properties are located in central inner city locations of German potential cities. Ingo Hartlief, CEO of DEMIRE, said the second portfolio acquisition in 2019 increases the property portfolio to a total of approximately €1.4bn, corresponding to external growth of around 21% in the current fiscal year. “This acquisition diversifies our recently expanded portfolio of offices while keeping the ratio of retail properties constant.