OFFICE INVESTMENTS BREAK THE 30 BILLION MARK
Despite the ongoing corona pandemic and the associated uncertainties regarding overall economic development, German office properties continue to be the focus of national and international investors. At the end of the year, a transaction volume of around €30.7 billion was recorded, the second-best figure ever registered. In addition, the result is a good 30% above the ten-year average. In a comparison of the different property categories, offices remain the most popular asset class with a share of just under 48%. The high proportion of large-volume single deals is particularly noteworthy. A total of 61 sales in the triple-digit million range were recorded. Of these, several are also beyond the €500 million threshold, such as the purchases of Uptown, Highlight Towers and Elementum in Munich or Skyper in Frankfurt brokered by BNPPRE. The good performance on the office leasing markets has once again reinforced the high level of investor confidence that the office will remain the focal point for employees in the future - despite the Corona pandemic and the associated higher home office usage.