PORTFOLIO VOLUME ENSURES RECORD TURNOVER
In the first quarter, the investment market in Frankfurt benefited from a proportionately high turnover with partly included portfolio transactions. As a result, a new record is set with a transaction volume of almost €1.67 billion, more than tripling the previous year's figure. At around €729 million, more than ever before, this volume is attributable to properties from package sales located in the Frankfurt market area. First and foremost are properties resulting from the takeover of TLG by Aroundtown, which contributed over half a billion euros to the result. However, individual sales of €938 million also produce a very good result, which has only been exceeded twice in the past. Against this background, it is not surprising that Frankfurt came second in the nationwide ranking and only had to concede defeat to the German capital Berlin. Possible effects of the corona crisis are therefore not yet reflected in the turnover of the first three months - as is the case all over Germany. Among the most important transactions were the sale of MaRo and Westend Carree.
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