YEAR-ON-YEAR INCREASE IN TURNOVER AND MOST IMPORTANT PILLAR IN THE PORTFOLIO SEGMENT
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After very strong activity on the logistics investment market, especially in the second half of 2023, logistics investments started 2024 with a transaction volume of around € 1.4 billion in the first quarter, which represents a good performance (+48% compared to Q1 2023), although below the long-term average (-22%).
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Among the top property types, logistics investments, with a market share of just over a quarter at the start of the year, was behind retail (36%) but well ahead of office (16%).
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Considering only the portfolio segment, logistics portfolios clearly dominate investment activity in this sector with €647 million (57% of the nationwide volume) in an asset class comparison.
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However, the brighter market sentiment in comparison to the first quarter of 2023 is not only reflected in the transaction volume, but also in the number of deals, which also increased by 38%.
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The upturn in market activity is supported by current signs indicating that the pricing phase seems to be coming to an end. Accordingly, there were no further adjustments to the net prime yields in the first quarter.
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As a result, the A-locations are still quoted at 4.25%, while the figure for Leipzig stands at 4.45%.