BELOW-AVERAGE HALF-YEAR RESULT
With a sales volume of € 480 million, the Stuttgart investment market is still somewhat subdued at the end of the second quarter. The result is a good 42% below that of the same period in 2020 and falls short of the long-term average by around 26%. However, the fact that Stuttgart is one of a total of four A-locations that are unable to match their prior-year volumes puts the result into perspective to some extent. The decisive factor for the weaker half-year result is not so much the average volume per deal, which at just under €22 million is comparable to the previous year, but rather the number of sales, which fell by almost 39%. The most important transactions in the first two quarters included the hotel tower under construction at Mailänder Platz, which will be home to the two hotel chains Premier Inn and Adina Hotels, as well as the new office building MayOffice as part of a neighborhood development in Feuerbach. Not least, these two property developments show that investments in Stuttgart are still very attractive, particularly in the modern segment, provided that the supply is sufficient.