GOOD FIRST HALF-YEAR THANKS TO STRONG FIRST QUARTER
Sales were very good in the first half of the year at just under €3.85 billion, which represents the second-best result ever recorded. This was due to the record set in the first quarter, disproportionately influenced by large portfolio sales, such as the takeover of TLG by Aroundtown. The analysis, however, takes into account that the second quarter alone was very weak. Clearly reflected in the investment turnover are the uncertainties about the further development of the markets and the extensive restrictions implemented during the lockdown, for example the impossibility of carrying out visits or more restrictive financing conditions. At only €589 million, it represents the weakest second quarter of the last ten years. This is mainly due to the lockdown putting some large-volume deals on hold for the time being in order to await developments. Many of these deals are now back in motion and should be concluded in the second half of the year. Nevertheless, in a nationwide comparison, Berlin has again taken the lead among all locations.
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