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Germany ViewPoint - Real Estate Financing Market Q1 2021
Year
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Edition
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Keywords
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Line Of Business
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File Type
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2021
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January
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Debt Advisory, Monetary Policy, Real Estate Finance
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Research
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PDF
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- Central bank support reaches record levels and may make their policy stand softer long term
- Growing money supply and lower for longer rates have increased asset prices, those in turn may suppress consumer price inflation for good
- The very low forward rates point to very comfortable refinancing scenarios even for low yielding properties
- Overall financial markets point to a stabilizing environment for real estate and other hard assets
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Germany
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Germany, Pan-Germany
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Ad-hoc
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Economic
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Germany Health Care Investment Snapshot Q4 2020
Year
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Edition
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Keywords
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Line Of Business
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File Type
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2020
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4th Quarter
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Healthcare, Investment Volume, Nursing, Retirement Homes
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N/A
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PDF
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|
-
In 2020, the German healthcare real estate market achieved a record result of €3.38bn
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Care homes significantly expanded their market share again to currently 72%. The share of the now established assisted living sub-asset class also increased to 14%
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International investors were disproportionately represented with a market share of 69%
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Growing investor demand, scarce supply, and extremely reliable cash flows in the short and long term, also during the pandemic and economic crisis, are factors that put downward pressure on the prime yields of care homes
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In 2021 as well, with investor demand running high, the only factor of constraint on the investment volume will be limited supply
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Germany
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Germany, Pan-Germany
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Quarterly
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Healthcare
|
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Germany Retail Investment MarketView Q4 2020
Year
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Edition
|
Keywords
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Line Of Business
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File Type
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2020
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4th Quarter
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Investment, Investment Volume, Retail, Shopping Centres, Yields
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Research
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PDF
|
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- Retail investment market delivers strong result despite lockdown year
- Transaction volume grows 21% to €12.3bn
- Retail parks and food markets with a market share of 52%
- Share of international investors up 19 %-points to 58%
- Yields of sub-asset classes display divergent trends
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|
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Germany
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Germany, Pan-Germany
|
Quarterly
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Retail, Investment
|
|
Germany Data Centre 2020
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
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Annual
|
Data Centres, Developers, Internet, Technology, Telecoms, Trends
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Research
|
PDF
|
|
The market for data centers in Germany
- Growth drivers and growth potential in Germany
- Use of data centers
- Construction and location requirements of data centers
- Different types of data centers
- The data center market in Germany
- Typical types of contracts and transactions
- Future development of the German data center market
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|
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Germany
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Frankfurt am Main, Germany, Pan-Germany
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Ad-hoc
|
Special Topic
|
|
Hahn Retail Real Estate Report Germany 2020/2021
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
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Annual
|
Brick and Mortar, E-commerce, High Street, Hypermarkets, Investment, Investment Volume, Investors, Prime Yield, Rents and Yields, Retail, Retail Park, Shopping Centres, Supermarkets
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Research
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PDF
|
|
- Historic economic slump - aid and stimulus packages cushion the impact of the crisis in Germany
- Food retail profits from the crisis
- Increased trends: location policies, omni-channel, digitisation
- Investment focus on supermarkets, food discounters and retail parks
- Online retail shows growth only in the non-food segment
- Superstores and non-food discounters continue on expansion course
- Lockdown phase has aggravated the situation for already ailing retail concepts
- Sustainability is becoming increasingly important in the real estate industry
- Expert interviews: investor interest in new opportunities has increased despite the Coronavirus pandemic
- Expert survey: German real estate investment market more popular than ever in a European comparison
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Germany
|
Germany
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Annual
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Retail
|
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Germany Healthcare Real Estate - Intensified pressure on healthcare property yields
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
|
Annual
|
Healthcare, Nursing, Prime Yield, Retirement Homes
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Research
|
PDF
|
|
- Healthcare properties are on their way out of being a niche asset class, but price transparency is still fairly limited and subject to quite different perceptions
- In the light of a persistent ultra-low interest rate environment and the relatively cyclical independence of healthcare related real estate assets, we observe an ongoing accelerated repricing especially of care homes
- Therefore, we estimate that prime yields for care homes to decline by another 25 base points to 4.25% in Q1 2020
- Given the asset class inherent fundamentals and increased liquidity, yields for healthcare real estate will move closer to the values of other well-capitalized, more core-ish real estate asset classes (e.g. hotels, which are currently priced at 3.75%)
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Germany
|
Germany, Pan-Germany
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Ad-hoc
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Healthcare
|
|
Germany Investment Quarterly MarketView Q3 2020
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
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3rd Quarter
|
Investment Volume, Prime Yield, Yields
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Research
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PDF
|
|
- Strong trust in the German real estate market remaining intact
- Transaction volume up by 11% to €56.2bn year on year
- Commercial real estate market at €41.1bn (up 7%), multifamily housing investment market at around €15.1bn (up 25%)
- 53 portfolio transactions of more than €100m each, totaling €25bn – share of portfolios at 53%
- International investors’ market share climbs 14%-points to 48%
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|
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Germany
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Berlin, Cologne, Dusseldorf, Frankfurt am Main, Germany, Hamburg, Munich, Pan-Germany, Stuttgart
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Quarterly
|
Economic
|
|
Germany Office Investment MarketView Q3 2020
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
|
3rd Quarter
|
Investment, Investment Volume, Investors, Office, Prime Yield, Yields
|
Research
|
PDF
|
|
- The transaction volume fell by 15% year-on-year to €18bn; office properties nevertheless hold their position as the real estate asset class with the greatest transaction volume on the German market
- 78% of investments in office properties were in the top 7 cities of Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Cologne, Munich and Stuttgart - Berlin accounted for a good fifth of the nationwide transaction volume
- The share of international investors increased by more than 4%-points year-on-year to 42%
- The average prime yield in the top 7 markets for office properties fell by 0.15%-points year-on-year to 2.85%
- Outlook: Transaction volume of up to €25bn is possible for 2020 as a whole
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|
|
Germany
|
Berlin, Cologne, Dusseldorf, Frankfurt am Main, Germany, Hamburg, Munich, Pan-Germany, Stuttgart
|
Quarterly
|
Office
|
|
Germany Commercial Investment MarketView H1 2020
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
|
1st Half
|
Capital Markets, Capital Value, Investment, Investment Volume, Investors, Prime Yield, Yields
|
Research, Capital Markets
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PDF
|
|
- Germany rates as a safe investment haven also in times of COVID-19
- Commercial transaction volume of €29.3bn in the first six months – up 21% against the already strong year-earlier result
- Office properties remain the most desirable – logistics properties clearly reaping the benefit of the current situation
- No price discounts because of Corona – prime yields stable across almost all asset classes
- Presence of international investors on the market as strong as in the year-earlier period
- Outlook: Given the abundant liquidity in the market, investment momentum is set to pick up the pace in the second half of the year
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|
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Germany
|
Berlin, Dusseldorf, Frankfurt am Main, Germany, Hamburg, Munich, Pan-Germany
|
Half-yearly
|
Investment
|
|
Germany Warehouse and Logistics MarketView Snapshot Q2 2020
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2020
|
2nd Quarter
|
Industrial, Leasing, Logistics, Manufacturing
|
Research, Capital Markets, Industry & Logistics
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PDF
|
|
- In the second quarter, take-up itself was as much as six percent above the running average of all second quarters over the last decade
- In effect, the Corona pandemic has had very little impact on the market. There was neither a huge demand for space nor has the crisis caused demand to slump. Inasmuch, the current situation is distinctly different from the last crisis in 2008 and 2009 when demand dropped off notably
- In the medium term, we expect the demand for warehouse facilities to rise. This development will be driven by an even stronger future realignment of the global supply chain, various re-/near-shoring strategies, the introduction of buffer storage and the rise of e-commerce
- There were no changes in terms of rents. The rental level is stable as demand has not slumped, there are no massive vacancies, and space is still in short supply
- Given the way things are developing in the wake of the Corona pandemic, and the signs of economic recovery, we are assuming a sound full-year result. Significantly more than six million sq m is likely to be achieved on the industrial and logistics real estate market this year as well
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|
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Germany
|
Berlin, Cologne, Duisburg, Dusseldorf, Essen, Frankfurt am Main, Germany, Hamburg, Hannover, Leipzig, Munich, Pan-Germany, Stuttgart
|
Quarterly
|
Industrial, Investment
|
|
Germany Residential Investment MarketView Q4 2019
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2019
|
4th Quarter
|
Apartments, Investment, Investment Volume, Multi-Housing
|
Research
|
PDF
|
|
- Transaction volume reaches €16.5bn in 2019, a decrease of 6% compared to the previous year
- Investments in construction edge up to €5.5bn
- Share of international investors drops to 13.3%, with German
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|
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Germany
|
Germany
|
Quarterly
|
Investment, Residential
|
|
Hamburg Office MarketView Q4 2019
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2019
|
4th Quarter
|
Leasing, Office, Pipeline, Prime Rent, Prime Yield, Take-up, Vacancy, Vacancy Rate, Yields
|
Research
|
PDF
|
|
- Office take-up drops 8% to 520,500 sq m compared with 2018
- Vacancy in a downtrend; vacancy rate at 2.4% at year end
- Weighted average rent for premium space rises 11 % to €31.50 /sq m/month
- Transaction volume of €4.3bn on the commercial investment market below year-earlier figure
- Net initial yield in the office segment slips 25 basis points to 2.75%
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|
|
Germany
|
Germany, Hamburg, Hamburg City South Extension, Hamburg North/East, Hamburg South/East, Hamburg West, Harbour, Harburg/Süderelbe, St Pauli/Altona, Wandsbek
|
Quarterly
|
Office
|
|
Germany Hotel Market 2019
Year
|
Edition
|
Keywords
|
Line Of Business
|
File Type
|
2019
|
October
|
Capital Markets, Luxury Hotels, Tourist Accomodation, Hotels
|
Research
|
PDF
|
|
In 2019, the German hotel real estate market remains very dynamic with a continued demand surplus. The hotel transaction volume in the German hotel investment market stood at €1.64bn in H1 2019, down 14% from the prior-year period. The lack of product on the market is restricting the investment volume and results in a further decline in yields in prime locations. Consequently, investors increasingly buy in B and C locations.
The report provides an overview of:
- European and German hotel real estate market
- Key performance indicators of the German top cities
- Investment volume and prime yields
- Recent transactions
- Future supply and outlook
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|
|
Germany
|
Germany, Pan-Germany
|
Annual
|
Hotel, Leisure
|
|