At a Glance Q3 2019

Residential investment market Germany

Wohn-Investmentmarkt Deutschland

RESIDENTIAL INVESTMENTS AT PREVIOUS YEAR'S LEVEL

At just under €13.6 billion, at the end of the third quarter the transaction volume with larger residential portfolios (30 residential units or more) is slightly above the previous year's level and thus represents the second-best result in the last 10 years. This figure was only exceeded in 2015, when the purchase of Gagfah by Vonovia and the acquisition of Süddeutsche Wohnen alone generated a volume of almost €10 billion. However, transactions of this magnitude have not materialised in the course of the year to date. Rather, the turnover is fed by a large number of sales in the three-digit million segment. By far the largest transaction so far has been the sale of the BGP Group with around 16,000 apartments to Union Investment, followed by the 33% stake held by Adler Real Estate in the Ado Group. A total of more than 230 sales with around 115,000 residential units were counted, with the average volume per sale of around €58 million almost matching the figure for the same period last year.

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