LOGISTICS CONFIRMS TOP POSITION IN THE ASSET CLASS RANKING
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In 2024 investments in logistics properties successfully defended the top position they achieved for the first time in the previous year. The nationwide transaction volume amounted to €6.87 billion, which not only means the top position among the asset classes, but also a 27% share of total investment turnover. This is also an absolute record in a long-term comparison. At the same time, the result represents a 13% increase on the previous year’s result. The fact that the logistics markets are currently very attractive from an investor's perspective is also demonstrated by the fact that the investment volume achieved is only seven percent below the ten-year average. No other asset class has even come close to this figure.
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It is particularly pleasing that the positive trend is being driven by both individual transactions (share: 52%) and portfolio deals (share: 48%). Logistics properties occupy a prominent position in the portfolio segment in particular. With an investment volume of a good €3.3 billion, they are responsible for 54% of all portfolio transactions in the commercial investment market. At the same time, they were able to increase their absolute volume with package sales by more than half compared to the previous year.
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As expected, the slight reduction in key interest rates by the central banks has not yet been directly reflected in purchase price levels. As a result, stabilization was also largely observed in the fourth quarter, meaning that most yields have not changed. The net prime yields for logistics properties remain at an average of 4.25% in A-locations.