Investment transaction volumes in the German multi-let commercial property segment jumped 75% to €1.6 bn in 2014 on a year-on-year basis, European real estate consultancy Bulwiengesa has reported.
Investment transaction volumes in the German multi-let commercial property segment jumped 75% to €1.6 bn in 2014 on a year-on-year basis, European real estate consultancy Bulwiengesa has reported.
Multi-let commercial properties - Unternehmensimmobilien in German - typically refer to buildings with medium-sized companies as tenants. Types of use normally include offices, warehouses, manufacturing, research, services and/or wholesale trade and clearance space.
High demand reduced yields in the segment as 480,000 m2 of space was leased in the second half of 2014, boosting cash flow. The data was compiled for the H2 2014 report produced by Initiative Unternehmensimmobilien, a German initiative for mixed-use commercial properties.
'Unternehmensimmobilien assets are gradually developing their own market share. This is partly due to improved transparency,' said Andreas Schulten, CEO of Bulwiengesa and publisher of the Initiative’s latest market report. The total transaction volume of around €1.62 bn was around 75% higher than in 2013.
Multi-let commercial and light Industrial properties accounted for around 4% of the total of €40.5 bn of real estate investment in Germany last year. The segment's volume was up 0.5% on 2013.
The pool of data providers for the Initiative’s reports has expanded recently with the addition of Corpus Sireo, Garbe Logistic and Investa, three leading players in the German real estate industry. Existing sources were founding members ATOS, Aurelis, BEOS, Hansteen, GSG Berlin, Segro, Sirius and Valad.
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