SINGLE DEALS DRIVE RECORD VOLUMES
By the end of September, almost €4.5 billion had been placed on the Munich investment market. This exceeded the previous year's result by a good 19% and the 10-year average by almost 18%. The current result ranks behind the peak years 2018 and 2019, which is all the more remarkable as individual transactions are almost single-handedly responsible for this, accounting for around 94%. A record volume of €4.2 billion was achieved, driven not least by the Highlight Towers and Uptown office tower transactions (both brokered by BNP Paribas Real Estate) and the sale of the MediaWorks office property. All three deals had a volume in the mid three-digit million range. Portfolio transactions have generated just under €280 million in the current year. The transaction volume in this category is clearly below average and missed the previous year’s value by almost 50% respectively the ten year average by 46%.