Transactions in Germany’s commercial real estate market totalled €60.1 billion last year, setting a new record and surpassing 2017’s figure by €2.5 billion.

CBRE says that office deals accounted for €31.9 billion of German investment activity in 2018 and that investors have continued to target the top locations of Berlin, Düsseldorf, Frankfurt, Hamburg, Cologne, Munich and Stuttgart. The seven cities saw investment volume increase by €6.3 billion in total, up 17 percent compared to last year.

In all, around €77.3 billion was invested into German real estate when taking the residential sector into account. German investors contributed 60 percent of capital to this overall figure, raising their share from 53 percent in 2017. Along with European investors, investors from North America in particular (almost 9 percent) were especially active.

Fabian Klein, head of investment at CBRE Germany, attributed lively investor interest in centres such as Frankf