Commercial investments in Germany almost reach €10bn

Back to news summary 03/04/2015

BNP Paribas Real Estate, CBRE, Colliers International, and JLL quoted the investment volume in Germany's commercial real estate during the first quarter of 2015 at €9.5-9.7bn, just under last year's very high level. JLL said 44% of the volume, as was the case last year, went to office buildings and 31% to retail space. The four Corio shopping centers alone, which Klépierre acquired through corporate takeover, amounted to €1bn. Logistics properties accounted for almost €700mn; hotels, according to Colliers, for €600mn. Around two-thirds of the investment was through individual deals – BNPPRE said this amounted to a 15% increase and a record high. Colliers reported that over €4bn came from foreign investors, €1.4mn of them from France, with Klépierre (€1.0bn) throwing in the most. That was followed by investors based in the UK (€1bn), the USA (€0.6bn), and Asia (€0.56bn).