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Germany Data Center Whitepaper 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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Annual
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Data Centres, Development Sites, Internet
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Research
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PDF
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The continuing boom in data centers and their high relevance for the global economy are increasingly complicating the search for locations for new data centers. In a recent white paper, the market research company Lünendonk and the global real estate service provider CBRE analyze the factors that are decisive for this.
- Location search between latency, sustainability and electricity prices
- Attractiveness of locations away from the major hubs (Hamburg, Munich, Düsseldorf)
- Economic situation of edge data centers
- Performance of the power grid / electricity prices in comparison
- Sustainability of data centers / European agreement and European initiative based on it by various European associations and companies, led by EUDCA and CISPE, to develop a strategy to set measurable targets for energy-efficient and sustainable data center operation by 2025 and 2030 (50 % of data center operators already focus on sustainability)
- Management concepts / in-house or outsourcing (facility management) – advantages of a global service provider for data center management
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Germany
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Germany, Pan-Germany
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Ad-hoc
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Special Topic
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Germany Real Estate Market Outlook 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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Annual
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Assets, Capital Markets, Economy, Healthcare, Industrial, Investment, Leasing, Logistics, Manufacturing, Multi-Housing, Prime, Prime Rent, Rents and Yields, Retail, Trends, Valuation, Warehouse, Yields
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Research
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PDF
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- The economic recovery should gain greater traction from the second quarter of 2021 onward, thereby ensuring GDP growth of 3.1% for the full year. Monetary policy remains on an ultra-expansive course.
- Germany remains a safe haven, which has also held true during the Corona year of 2020 that closed with the second best investment result ever. Abundant liquidity will ensure yields soften further in 2021.
- Demand for high quality, wholesome and technically enabled space is keeping prime rents on an upward trajectory. Companies are preparing a return to the office with agile workplace strategies.
- The process of change in the retail business has been accelerated by the Corona pandemic. Along with negative effects, the crisis also offers opportunities that need to be seized.
- e-commerce and growing demand from the industrial sector that is staging a recovery continues to underpin strong momentum in the logistics market. Repositioning potential for brownfield developments.
- The hotel market that has been hard hit by closures due to the pandemic is benefiting from its traditionally high share in domestic travellers, which suggests a quick rebound.
- Regions outside integrated suburban areas of the metropolises are becoming increasingly desirable as locations to live in and are heightening investor interest in properties on the fringe of the metropolises and in large cities below the top tier.
- The defensive nature of the healthcare and social real estate asset class is eliciting the growing interest of investors, also thanks to progress made with professionalization and greater market transparency.
- The advance of digitalisation, coupled with the Corona pandemic, is upping need for computing capacity and increasingly putting data centers as an alternative asset class on investors’ radar.
- The European Union aims to be climate neutral by 2050. The real estate industry is viewed as key to achieve the zero emission target.
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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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Annual
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Office, Retail, Industrial, Investment, Economic, Healthcare, Residential, Hotel
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Germany Health Care Investment Snapshot 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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1st Quarter
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Healthcare, Investment Volume, Nursing, Retirement Homes
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N/A
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OTHERS
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Transaction volume soars 67% to €790m
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Prime yield for care homes drops to 4.00% year on year
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Portfolio transactions account for 68% of the market
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Market share of international investors at 50%
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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 Investor Intentions Survey 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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March
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Investment, Investors
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Research
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PDF
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Certain optimism is increasingly spreading among national and international real estate investors. For example, 54% and 59% of the German and European investors surveyed by CBRE intend to invest significantly more in 2021 than in the Corona year 2020. In this context, the German real estate market is becoming increasingly important, confirming its reputation as a 'safe haven' and reflecting the particular stability of the market in an international comparison, even in the current crisis and especially afterwards.
This year's survey also provides other important insights:
- Both national and international investors rate the prospects for a quick recovery of the real estate investment market after the pandemic in Germany best. With Berlin, Frankfurt, Hamburg and Munich, four German metropolises are among the top ten most attractive European cities for real estate investments.
- Despite the decentralisationand flexibilisationof workplace strategies accelerated by the pandemic, investors continue to prefer the office asset class, followed by residential and logistics.
- Market participants are focusing their portfolio strategy even more on core and core plus properties, indicating a pronounced risk aversion in the current market environment and a preference for yield stability and income security.
- The majority of German investors (69%) do not plan to invest outside Europe.
- Almost all investors expect price reductions for shopping centres and hotel properties.
- COVID-19 has increased investor focus on tenant credit and ESG criteria.
The CBRE Investor Intentions Survey 2021 was conducted between 2 December 2020 and 19 January 2021. From Germany, 286 investors participated in the survey, which asked respondents a series of questions about their acquisition plans and their preferred strategies for sectors and markets in 2021.
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Germany
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Germany, Pan-Germany
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Annual
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Investment, Special Topic
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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 Office Investment MarketView 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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Gateway Markets, Investment, Investment Volume, Investors, Office, Prime Yield, Yields
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Research
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PDF
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- Office property strongest asset class despite pandemic
- The German office real estate investment market achieved one of the best results in recent years
- Office properties, measured in terms of relative share of the total transaction volume, remained the dominant asset class
- 80% of investments in office properties were in the top 7 cities
- The share of international investors dropped 10%-points to 39% compared to 2019 due to travel restrictions
- The average prime yield in the top 7 markets for office properties at new record low
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Germany
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Berlin, Dusseldorf, Frankfurt am Main, Germany, Hamburg, Munich, Pan-Germany
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Quarterly
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Office
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Germany Retail Investment MarketView 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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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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Germany
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Germany, Pan-Germany
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Quarterly
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Retail, Investment
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Germany Data Centre 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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Annual
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Data Centres, Developers, Internet, Technology, Telecoms, Trends
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Research
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PDF
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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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Germany
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Frankfurt am Main, Germany, Pan-Germany
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Ad-hoc
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Special Topic
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Hahn Retail Real Estate Report Germany 2020/2021
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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2020
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Annual
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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
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- 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
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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
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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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Annual
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Healthcare, Nursing, Prime Yield, Retirement Homes
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Research
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PDF
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- 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
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Germany, Pan-Germany
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Ad-hoc
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Healthcare
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Germany Commercial Investment MarketView H2 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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2nd Half
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Capital Markets, Gateway Markets, Investment, Investment Volume, Investors, Yields
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Research, Capital Markets
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PDF
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- Commercial investment market above long-term average despite pandemic
- German commercial real estate remains in strong demand - transaction volume limited by supply shortage
- Office properties remain strongest asset class; high demand for logistics properties and defensive retail properties
- Declining investment volume in the top 7 locations compared with the strong previous year, but still predominantly above the long-term average
- No corona-related price reductions - prime yields stable in almost all asset classes
- Outlook: Investment momentum driven by product availability and success in pandemic response; defensive investments experience significant boost in demand
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Germany
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Berlin, Dusseldorf, Frankfurt am Main, Germany, Hamburg, Munich, Pan-Germany
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Half-yearly
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Investment
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Germany Investment Quarterly MarketView Q3 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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3rd Quarter
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Investment Volume, Prime Yield, Yields
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Research
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PDF
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- 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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Germany
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Berlin, Cologne, Dusseldorf, Frankfurt am Main, Germany, Hamburg, Munich, Pan-Germany, Stuttgart
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Quarterly
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Economic
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Germany Warehouse and Logistics MarketView Snapshot Q2 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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2nd Quarter
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Industrial, Leasing, Logistics, Manufacturing
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Research, Capital Markets, Industry & Logistics
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PDF
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- 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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Germany
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Berlin, Cologne, Duisburg, Dusseldorf, Essen, Frankfurt am Main, Germany, Hamburg, Hannover, Leipzig, Munich, Pan-Germany, Stuttgart
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Quarterly
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Industrial, Investment
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Germany Residential Investment MarketView Q4 2019
Year
|
Edition
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Keywords
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Line Of Business
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File Type
|
2019
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4th Quarter
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Apartments, Investment, Investment Volume, Multi-Housing
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Research
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PDF
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- 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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Germany
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Germany
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Quarterly
|
Investment, Residential
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|
Hamburg Office MarketView Q4 2019
Year
|
Edition
|
Keywords
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Line Of Business
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File Type
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2019
|
4th Quarter
|
Leasing, Office, Pipeline, Prime Rent, Prime Yield, Take-up, Vacancy, Vacancy Rate, Yields
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Research
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PDF
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- 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
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Germany, Hamburg, Hamburg City South Extension, Hamburg North/East, Hamburg South/East, Hamburg West, Harbour, Harburg/Süderelbe, St Pauli/Altona, Wandsbek
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Quarterly
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Office
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Germany Hotel Market 2019
Year
|
Edition
|
Keywords
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Line Of Business
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File Type
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2019
|
October
|
Capital Markets, Luxury Hotels, Tourist Accomodation, Hotels
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Research
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PDF
|
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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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|
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Germany
|
Germany, Pan-Germany
|
Annual
|
Hotel, Leisure
|
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