EXCELLENT RESULT THANKS TO PORTFOLIO DEALS
While the lockdown and the gradual re-openings had a decisive impact on the stationary retail market in the second quarter, the portfolio segment had a formative influence on the retail investment market in the first half of the year as €7.1 billion were invested in portfolio investments in the first six months. This accounts to 71 % of total investments. Among the most decisive sales drivers were in particular the company acquisitions of REAL and TLG Immobilien AG as well as the various investments in Galeria Karstadt Kaufhof properties. In a year-on-year and long-term comparison, the half-yearly result is a good 32 % above the result for the first half of 2019 and 30 % above the ten-year average, not least due to the special factors mentioned above. In the segment of individual deals, which just managed to break through the €2 billion mark, there is a shortfall of around €1 billion compared to the previous year. This is primarily due to the fact that there were practically no individual sales in the
triple-digit million range.
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