TRANSACTION ACTIVITY REMAINS VERY SUBDUED
After the start of the year on the Munich investment market was already very subdued, there was no revival in transaction activity in the second quarter either. In the past three months, only € 178 million was placed on the market, which corresponds to the lowest quarterly result since the second quarter of 2009. At the end of the first half of the year, the volume totaled € 719 million, which corresponds to a decrease of 54% compared to the same period of the previous year. The long-term average was missed by 69%. Meanwhile, the portfolio share is also remarkably low. Although this share is usually lower in Munich compared to most other top cities, a share of only 3% or a half-year result of € 25 million is unusual even for the Bavarian capital. By far the largest registered transaction of the year is the acquisition of a development site by Apple for the expansion of their campus for around € 250 million.