OFFER LIMITS INVESTMENT VOLUME SIGNIFICANTLY
The transaction volume of the Hamburg investment market in the first half of 2019 is around €1.14 billion, almost 49% lower than the outstanding result of the previous year. However, the fact that significantly less investment was made than in the previous year is by no means an indication of a decline in demand. On the contrary, there is a lack of corresponding offer in almost all segments, so that noticeably fewer properties were sold overall than in previous years. The lack of a suitable product in the core segment is particularly pronounced, although it is particularly in demand in the current market environment. In contrast to other A-locations such as Berlin, Frankfurt or Munich, no transactions above €200 million were observed in the Hanseatic City in the first six months, which is also reflected in the decline in the average volume per property to €27 million. The largest deals in the Elbe metropolis include the resale of the "Burstah Ensemble" project site in the city to a company of the Tchibo heirs and the sale of the ModeCentrum Hamburg (MCH) to GLO Properties.
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