LACK OF LARGE DEALS CAUSES WEAK H1
With a transaction volume of only € 464 million, the investment market in Hamburg recorded the worst half-year result in the last 10 years. The half-year result is therefore about 82% below the strong result of the previous year and about 72% below the long-term average. It should, however, be mentioned that the strong prior year result was significantly influenced by the Alstria acquisition. The main reason for the weak performance is the absence of large-volume deals above € 100 million. At € 29 million, the volume of portfolio deals is around 93% below the previous year's result and below the long-term average. The segment of large-volume single deals registered only one transaction, with the purchase of the Fritz Schumacher building at the Gänsemarkt by the City of Hamburg. Despite the weak overall result, the volume of single deals did not fall as sharply as the volume of portfolio transactions.