News from the real estate network

2018 saw a continued fall in the maximum rents obtainable for retail space in Hamburg’s City district. According to GPP member Grossmann & Berger, the top rates to rent space in some of the established locations dipped by €10 to €20/m² per month below the prior year’s level.

The final result for the take-up of industrial, warehousing and logistics properties in Hamburg and the environs was 470,000 m² for 2018. This figure is 4 % higher than in the prior year. These figures are taken from a survey by Grossmann & Berger, a member of German Property Partners (GPP).

Grossmann & Berger, member of German Property Partners, has brokered 400 m² of shop space in Hamburg city centre to the camera dealer Meister Camera.

The market for investment in commercial properties in Berlin returned a strong 4th quarter in 2018, closing with a transaction volume of some €2.7bn. Figures compiled by Grossmann & Berger, a member of German Property Partners (GPP), show a total trading volume for the year 2018 of €6.75bn.

According to Grossmann & Berger, a member of German Property Partners (GPP), business was brisk on Hamburg’s office property market throughout the year 2018. The year closed with total take-up of 590,000 m². Although some 8% less space was let than in the prior year, the year-end result is still the second-highest seen since records began.

As GPP member Grossmann & Berger had already predicted at the end of the 3rd quarter, 2018 closed with a new record result on the Hamburg market for investment in commercial properties. Some 170 transactions generated a sales volume of €5.95bn.

Figures from German Property Partners (GPP) show that in 2018 property investments (excluding buy-to-let residential) in Germany’s top 7 cities - Hamburg, Berlin, Düsseldorf, Cologne, Frankfurt, Stuttgart and Munich - generated a transaction volume of €36.71bn, thus setting a new record.

At the close of 2018 the take-up of office space in Germany’s top 7 cities, i.e. Hamburg, Berlin, Düsseldorf, Cologne, Frankfurt, Stuttgart and Munich had reached a very respectable level. Latest figures from German Property Partners (GPP) put the take-up of office space at 3.8m m².

Starting on 1st January 2019 GPP member Grossmann & Berger will be launching a new service division dedicated to capital investments, the KAT (Kapitalanlagevertrieb). This division will focus on the sale of individual properties which serve as classic capital investments for private customers.

SoBuy, an online furniture store, called upon Grossmann & Berger, a member of German Property Partners (GPP), for assistance in finding a suitable logistics property for its online order business in Rahlstedt.