News from the real estate network

The market for industrial, warehousing and logistics properties in Hamburg and its environs made a slow start to the year 2019, with 30 agreements generating take-up of 73,000 m². Year-on-year, take-up slumped by 23 % for the quarter.

The German capital has started the year 2019 with new record results. Investments in commercial properties totalled €2.2bn in the first quarter, which translates into an increase of 149 % against the prior year.

Figures from German Property Partners (GPP) show that 2019 started with sluggish trading in investment properties (excluding buy-to-let residential) in Germany’s top 7 cities - Hamburg, Berlin, Düsseldorf, Cologne, Frankfurt, Stuttgart and Munich - generating a transaction volume (TAV) of €4.85bn.

The office-letting markets in Germany’s top 7 cities report a dynamic start to the new year. The latest figures from German Property Partners (GPP) reveal that the take-up of office space in Hamburg, Berlin, Düsseldorf, Cologne, Frankfurt, Stuttgart and Munich totalled some 858,000 m² at the close of the 1st quarter of 2019.

The market for investments in commercial properties in Hamburg made a rather slow start to the year 2019. By the close of the 1st quarter 21 transactions had been completed for a total value of some €460m.

The new year started well in Hamburg, where a good third of the total first-quarter take-up of office space was attributable to four agreements for large amounts of space. Figures from Grossmann & Berger, a member of German Property Partners (GPP), show that total take-up of office space in Hamburg was 135,000 m².

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.