THE ONLY TOP LOCATION WITH AN INCREASE IN TURNOVER
The Hamburg investment market records a transaction volume of €5.53 billion in 2020. This means that the volume in the Hanseatic City not only increased by almost 26 % compared to the previous year, but also achieved the second-best result ever. Only in 2018 was more invested (€5.90 billion). With its rise in turnover, Hamburg stands out among the German top cities in the year which was heavily influenced by the Corona pandemic: all other A markets recorded declines of between 13 % and 57 %, and the investment volume nationwide also fell by almost 19 %. However, Hamburg started 2019 from a more moderate base than other locations. In 2020, market activity only softened in the second quarter when almost €1 billion was invested. Market activity picked up noticeably in the second half of the year. In line with the overall very good result, single deals achieved the second-best result to date with €3.87 billion, portfolio transactions included on a pro rata basis also achieved an above-average volume of 30 %. The largest deals comprise the Gruner + Jahr publishing building on Baumwall, the new Edge ElbSide building in HafenCity and the HCOB headquarters including shopping mall Perle Hamburg in the city centre.
Read the full report by downloading the PDF document.