LACK OF PORTFOLIO DEALS CAUSES SLUMP
With a transaction volume of only € 640 million, the Hamburg investment market recorded a result that was around 78% below the long-term average (€ 2.9 billion) and 85% below the strong result of the previous year. However, the previous year's result was clearly positively influenced by the Alstria acquisition. The reason for the low total volume is the very low investment activity in the large-volume segment (>€100 million). In the segment of large-volume single investments, only the sale of the Fritz Schumacher building on Gänsemarkt has been recorded so far this year. At around € 43 million, the volume of portfolio deals is around 94% below the long-term average and 98% below the previous year's result. The volume of single investments is around 73% below the long-term average and is thus not quite as strongly in decline as the portfolio deals.