OFFICE INVESTMENTS WITH STRONG RESULT
Despite the third lockdown, which lasted for large parts of the second quarter, the German office investment market recorded a very good result. With a transaction volume of around €11.2 billion in the first half of 2021, not only was the result from the previous year exceeded by around 8%, but also the long-term average by a strong 28%. The vaccination campaign, which gathered momentum in the course of the second quarter, and the associated prospect of a return to offices in the near future is also reflected in the office investment market. This is apparent from the comparison between the first and second quarters: In Q2, more than twice as much was invested in office properties as in the first three months of the year. In contrast to the previous year, the very good half-year result is largely based on single transactions (91%). In a comparison of asset classes, offices once again occupy first place by a clear margin with a share of almost 47% of the commercial investment volume, which impressively illustrates the high status of office properties among investors.