Investment in German commercial property totalled EUR 9.7 bn in the first six months of 2012, a drop of nearly 14% on the same period last year, according to a survey conducted by BNP Paribas Real Estate (BNPPRE).
Investment in German commercial property totalled EUR 9.7 bn in the first six months of 2012, a drop of nearly 14% on the same period last year, according to a survey conducted by BNP Paribas Real Estate (BNPPRE).
Office buildings were by far the most favoured asset class, with a share of around 40% of the total transaction volume. Retail properties generated just under one third of turnover.
Logistics complexes were also in strong demand and contributed 9% to the total volume. Hotels, on the other hand, attracted considerably less investment than in the comparable 2011 period, with their share dropping to slightly under 4%.
The proportion of foreign buyers, at just over 32%, was on a par with the year-earlier figure.
The six main locations (Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg and Munich) also reported a year-on-year decline - of 17% - in their investment volume in the first half of 2012, with a total of around EUR 4.7 bn.
Investment in all locations fell by a double-digit percentage margin, with the sole exception of Munich.
