GOOD HALF-YEAR RESULT THANKS TO STRONG Q1
After the outstanding start to the year, market activity on the Stuttgart investment market slowed down considerably in the second quarter. While more than €760 million was invested in Stuttgart commercial real estate in the first quarter with the help of the alstria acquisition by Brookfield, the investment volume did not exceed the €100 million threshold in the second quarter. Thanks to the strong start to the year, the volume at mid-year nevertheless topped the previous year's figure by 78% and was also almost a quarter above the long-term average. Due to the localisation of the alstria portfolio in the Stuttgart market area, the share of properties that changed hands in package sales is exceptionally high at 62%. If only individual sales are taken into account, the volume remains around one fifth below the previous year's figure.