VOLUME: +18 % YEAR-ON-YEAR - PRIME YIELDS ARE STABLE
-
The healthcare investment market in Germany recorded a transaction volume of €1.4 billion for 2025. This is a solid result given the investment environment that continues to be characterized by macroeconomic uncertainties and geopolitical risks. Although the result is still far below the long-term average, a significant increase in investment volume of 18% compared to the previous year was registered.
-
On the positive side, transaction frequency has increased for the second time in a row compared to the previous year. The deal structure is still largely determined by individual deals. Portfolio deals contributed a smaller share (38%) to the total than the long-term average (Ø 10 years: 55%). In contrast, individual deals made a higher contribution of around €850 million, close to the long-term average.
-
The only and by far the largest deal of the year is the sale of a nursing home portfolio of Deutsche Wohnen AG to the City of Hamburg. The portfolio changed hands for a price in the mid three-digit million range.
-
In view of the pricing phase that has already been completed and the stable financing environment, the prime yield remained constant at 4.90%.