NEW VOLUME RECORD DUE TO SPECIAL EFFECT
The Stuttgart investment market can look back on an excellent start to the year. With a transaction volume of €761 million, the outcome more than tripled to its weak result from the prior year. The fact that the long-term average was also topped by almost 91% is a further indication of the very high volume in the first three months of 2022. However, this result would not have been possible without the Stuttgart office properties of the alstria buyout by Brookfield, which accounted for almost 58% of the total volume. Accordingly, it is unsurprising that portfolio deals generated a very high volume totaling €530 million (70% on pro rata basis). Apart from package sales, on the other hand, it was not possible to achieve an above-average balance, but compared with the same period of the previous year there was a slight increase in both the number of individual deals and the corresponding investment volume (€231 million). Among the largest transactions in this context was the sale of the Atlanta Business Center office tower complex in Stuttgart-Möhringen.