At a Glance Q4 2020

Investment market Hamburg

Investmentmarkt Hamburg


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.

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