STILL THE MOST IMPORTANT ASSET CLASS
Office investments are still in great demand. Despite the currently expected significant decline in take-up on the letting markets, €15.2 billion has been invested in German office real estate in the year to date, almost €5 billion of which was generated in the third quarter. Although the record result from the previous year was missed by 32%, the figure is still a good 16% above the ten-year average. Core properties in particular, with long lease conracts from tenants with strong credit ratings, continue to be highly popular with investors. Even current discussions about a future decline in demand for office space due to rising home office levels hardly change the fundamentally positive mood.
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