INVESTMENT VOLUME STILL SLIGHTLY BELOW AVERAGE
With a commercial investment volume of around €880 million, the result on the Stuttgart investment market at the end of the third quarter is still slightly below average. However, with a minus of around 16% compared to both the prior-year value and the 10-year average, the gap is no longer as large as in the previous quarter. It is also pleasing to note that the sale of the Vision One office campus in Leinfelden-Echterdingen for around €160 million was another major deal in the triple-digit million segment in the third quarter. In addition, Union Investment had acquired the hotel tower under construction at Mailänder Platz in Stuttgart earlier for almost €140m in a forward deal. These transactions underline the fundamentally high level of interest and confidence in the location, although there is a lack of corresponding supply across the board. Consequently, the number of transactions recorded is below average at just over 30.