MODERATE RESULT DUE TO RESTRAINED THIRD QUARTER
After the retail investment market was able to draw a positive interim balance at the end of the first half of the year, both from a long-term perspective and in comparison with the previous year, the signs are somewhat different after nine months: At a good €7.53 billion, the result is still within the range of the ten-year average (- 3%), but a good 15% below the turnover of the first three quarters of 2018. This development over the course of the year is not least attributable to the fact that no individual transactions in the three-digit million range have been recorded since March, which had still fuelled the volume at the start of the year. Further sales drivers, which primarily included the complete takeover of Galeria Karstadt Kaufhof by Signa in the summer, failed to materialize in the third quarter. The largest transaction of the last three months, the "Salt & Pepper" portfolio, was a package sale in which the Hahn Group secured 13 retail parks nationwide.
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