SECOND PLACE BEHIND BERLIN
In 2020, a transaction volume of around €6.55 billion was recorded on the Frankfurt commercial investment market, 27% short of the previous year's very good result. The ten-year average shows that this is nevertheless a good result, especially against the background of the Corona pandemic. The average was exceeded by almost 7%. In a nationwide comparison, Frankfurt has thus held impressively firm and secured second place in the German top-cities ranking, beaten only by Berlin. While single deal volume declined by a third to just under €5.2 billion, portfolio sales (€1.35 billion) increased by over 10%. This development was driven in particular by the TLG acquisition by Aroundtown and the sale of the Godewind shares to Covivio. A total of 16 purchases in the triple-digit million range were counted, of which 10 alone related to office properties. This demonstrates the confidence of investors in the long-term positive development of the office market. The most important transactions include the sales of Silberturm, Commerzbank Trading Center and Deka administration building in Niederrad, which were brokered by BNP Paribas Real Estate.
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