News from the real estate network

As had been expected, in 2020 the volume of commercial real estate traded on the investment market in Berlin fell short of the record set in 2019. By the end of the 4th quarter the total trading volume stood at €7.36bn.

In the 4th quarter of 2020 office-letting in Germany’s top 7 cities began to increase for the first time since the start of the pandemic. GPP recorded take-up of space in Hamburg, Berlin, Düsseldorf, Cologne, Frankfurt, Stuttgart and Munich totalling 2.47m m².

At the end of this extraordinary year 2020 brisk trading in investment-grade commercial properties returned to Germany’s top 7 cities. A third of the transaction volume (TAV) of €29.68bn was generated in the 4th quarter.

The transaction volume shot up by nearly one fourth on the Hamburg investment market. Due to GPP member Grossmann & Berger, the market ignored the coronavirus crisis completely.

According to GPP member Grossmann & Berger, take-up of space on the office market Hamburg totalled 340,000 m² in 2020. Market activities were entirely dominated by the coronavirus pandemic.

During the course of this exceptional coronavirus year 2020 a varying picture of demand for industrial and logistics properties in Germany’s top 7 property markets emerged.

The management board of GPP member Grossmann & Berger changes: Sandra Ludwig starts on 1st January 2021 as new investment head for the commercial and residential property investment sector in Hamburg.

According to GPP member Grossmann & Berger, take-up of industrial, warehouse and logistics properties in Hamburg and its environs summed up to 365,000 m². In spite of Corona, this translates into a plus of 48 %.

By the end of the 3rd quarter commercial properties with a total value of €4.75bn had been traded in Berlin, a year on year decline of 42 %.

By the end of the 3rd quarter of 2020 take-up of office space in Germany's top 7 property markets was down by 41%. Take-up totalled 1.73m square metres.