Berlin cements its position as Europe’s centre of activity
The United Kingdom may have regained its place as Europe’s largest commercial real estate investment market in Q2 2017 due to the continuation of large single-asset trophy office purchases in central London by Asian investors, but at some point that source of trading will necessarily fall away.
Germany continues to be a significant focus for European transaction activity. According to Real Capital Analytics, the €14.6 billion of transactions in Germany that completed in the second quarter was 21 percent higher than in the same period last year.
Brokerage firms reported continuing high investment volume and office take-up in H1 2017. BNP Paribas Real Estate says that overall commercial real estate investment volume in Germany in the first half was €25.8 billion, a year-on-year increase of 40 percent and the second-best first half of all time.
Despite the decentralised nature of the country’s industrial base and business activity, its capital city, Berlin,