STRONGEST MARKET AMONG THE A-CITIES
Parallel to the nationwide development, many investors in Berlin continue to adopt a cautious approach due to the still incomplete pricing phase: With an investment volume of a good €2.5 billion and a decline of around 64% compared with the same period in 2022, the Berlin investment market is thus unable to match the results of the very good previous years even after three quarters. Nevertheless, Berlin is in a comparatively good situation. Overall, more than one-third of the investment volume of the seven A-locations is attributable to the capital, followed in second place by Munich with just under €1.1 billion and a large gap ahead of Hamburg, where a good €840 million was invested. Berlin's leading position is primarily due to a number of larger deals. Share deals such as the investments in KaDeWe and the two office projects Mynd and BEAM are among the largest transactions nationwide in the current year. In contrast to previous years, the current result is based exclusively on individual deals. By contrast, no transactions involving the sale of Berlin real estate within larger portfolios have been recorded to date.