€1 BILLION MARK SURPASSED AND PREVIOUS YEAR TOPPED
In the first quarter, the Munich investment market was able to maintain the momentum of 2021 and top its result from the previous year's period by 53% with a transaction volume of slightly over €1 billion. Although the result is moderately below average in a long-term comparison (-7%), this is closely related to the fact that an exceptional result was achieved in the first quarter of the year 2018. Single investments had a major impact on the current very good result, generating a total volume of €996 million representing a share of 92%. Compared to the past five years, this corresponds the best result since 2018. The latest total was driven by the transaction of the Olympia Business Center (OBC), located in the Moosach district, which was one of the largest office transactions at the beginning of the year. Given these circumstances, it is not surprising that the average transaction volume of €47 million also reached a high level in long-term comparison (Q1 2021: €28 million).