SECOND-BEST RESULT EVER
The Munich investment market looks back on a very strong first half of the year. With a transaction volume of a good € 3.37 billion, the second-best result of all time was achieved. Compared with the previous year, the transaction volume was up 62% and the ten-year average was also exceeded by an impressive 42%. Nationwide, only Berlin recorded an even better result. Looking at Q2 alone, a new record of €2.67 billion was set, well above the previous record. Responsible for this are also three major transactions, which are not recorded in this form every year. These include the sales of Highlight Towers and Uptown Munich Tower & Campus C brokered by BNPPRE, as well as the acquisition of the MediaWorks Munich property, which is to be further developed in the course of a refurbishment. All three transactions achieved a volume of over €600 million each. Against this backdrop, it is unsurprising that single deals account for the lion's share of earnings at almost €3.1 billion (92%), while portfolio transactions included on a pro rata basis make a relatively small contribution of just €277 million. Overall, the very good transaction volume underlines the confidence investors have in the Munich market.