At a Glance Q3 2023

Retail investment market Germany

Retail-Investmentmarkt Deutschland

HIGHEST VOLUME IN Q3, BELOW AVERAGE OVERALL

At the end of the third quarter, no fundamental trend reversal has yet been observed in terms of transactions on the retail investment market: With a total transaction volume of just under €4.5 billion, retail investments continue to lag behind both their prior-year result (-42%) and the long-term average (-45%). One positive sign, however, is the fact that almost 1.9 billion were invested in the past three months, the best quarterly result of the current year. This is primarily attributable to two major portfolio transactions in the food sector: the sale of X+Bricks' entire portfolio of food stores to the Canadian company Slate Asset Management, and the acquisition of the company's own stores by Aldi Süd as part of the Royal Blue portfolio. As a result, the retail sector continues to account for the largest share of the nationwide portfolio volume across all asset classes (pro rata 50% and just under €2 billion). In terms of individual investments (totaling a good €2.5 billion), however, there is still a lack of major deals, which is underlined by the fact that market activity since the middle of the year has been almost exclusively in the segments below the €50 million mark.

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