Investments of €27.8 billion ($30.14 billion) were channeled into the German real estate investment market in the first quarter of 2020, reported CBRE.
Compared with the previous year’s quarter, this marks a substantial increase of 97 percent that was mainly attributable to two large takeovers. Ado Properties and Aroundtown acquired majority holdings in Adler Real Estate and in TLG Immobilien, respectively. Even disregarding these two major transactions, the investment volume rose by 26 percent in the first quarter. This is the conclusion drawn in a current analysis prepared by the global commercial real estate services company CBRE.
“Although, historically speaking, we are seeing a huge investment volume for the start of a year, sentiment on the investment market has deteriorated in recent weeks,” said Fabian Klein, head of investment at CBRE Germany. “Along with corporate takeovers, the large transaction volume is mainly due to deals that were not possible
