SECOND-BEST TURNOVER OF ALL TIMES
Office properties continue to be highly popular with investors. At a good €22.4 billion, the second best transaction volume ever recorded was achieved. Only in 2007 was the turnover even better due to the very high portfolio share. The importance of office properties for the German market is also demonstrated by the fact that they account for around 52% of the commercial investment volume. This is only the second time that more than half of the result is attributable to one asset class. A new record is set by individual deals, which contribute a good €17.7 billion to the overall result. A total of 41 transactions in the three-digit million range has already been registered in the first three quarters, making a significant contribution as a result. However, package sales also showed an extraordinary volume of €4.7 billion. The sale of the Millennium portfolio, which mainly comprises office properties and represents the largest deal of all time, is also partly responsible for this. Other important transactions include the sale of a stake in the Siemens Campus in Munich-Neuperlach, the Pressehaus and the Carrée Seestraße in Berlin, all of which were accompanied by BNP Paribas Real Estate, as well as the Welle in Frankfurt and the East Side Tower in Berlin.
Read the full report by downloading the PDF document.