NEW RECORD DUE TO HIGH PORTFOLIO SHARE
In the first quarter, Hamburg's investment market reached a new all-time high with a transaction volume of €1.98 billion, barely missing the €2 billion mark. This result is more than triple of the comparatively weak volume of the previous year and more than 100% higher than the ten-year average. Portfolio transactions were the main driver of this result. They account for a volume of €1.5 billion, which is an all-time high. Brookfield's acquisition of alstria is almost 100% responsible for this. In addition to a shopping center, multiple office and highstreet properties changed ownership as part of this transaction. In the past quarter, around €480 million was placed through single investments. Therefore the overall good result of the previous year could not be repeated, and also the 10-year average has been missed in this segment.