SECOND PLACE IN THE ASSET CLASS RANKING, HIGHEST PORTFOLIO SHARE BY FAR
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Even if the very good conditions from the record year 2022 (around €8.5 billion in Q1-3) are not yet achievable again, the logistics investment market is on a noticeable upswing in the current year. With a transaction volume of almost €4.4 billion, logistics investments exceeded the previous year’s figure by 20%.
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It is particularly pleasing that not only was the previous year's result significantly improved, but also that the decline compared to the long-term average was comparatively low. With a drop of just 13%, logistics investments show the smallest difference compared to their respective 10-year average among the asset classes, with retail properties at -38% and office assets even at -75%. This gives the logistics investment market (25% share of commercial investments) a good second place just behind the retail segment (27%) and ahead of office transactions (20%).
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In contrast, the logistics investment market is leading across all asset classes in the portfolio segment, in which just under €2.1 billion, or 47% of the total volume, was invested. Overall, package sales in the triple-digit million range were registered in all three quarters. The largest transactions of the last three months and the year as a whole included the Blackstone acquisition of an 80% stake in the Burstone Group's pan-European logistics platform, of which seven properties are located in Germany.
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Meanwhile, prime yields have stabilised since the beginning of the year. The net prime yields in the A-locations remain unchanged at 4.25%. A sideways movement has also been recorded in Leipzig. There, 4.45 % can still be estimated.