ALMOST LEVEL OF 2024, 44% OF VOLUME IN Q4
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At the end of 2025, the Munich investment market was able to benefit from a strong final quarter, which was decisively boosted by one-off effects: Almost 44% or €1.1 billion of the total transaction volume of €2.56 billion was attributable to the period between October and the end of December alone. The high turnover in the fourth quarter is attributable in particular to the two three-digit million deals of the former Signa properties Oberpollinger and Corbinian in Munich city centre. Against this background, the overall volume was just under 5% short of the previous year's result, while in the third quarter a decline of around 30% still had to be reported.
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But there is also lively market momentum apart from major transactions: At over €1.4 billion, investments in the small and medium-sized segment (<€100 million) increased by a good 15% compared to 2024 and ensured a broadly diversified deal basis.
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Nevertheless, price sensitivity among investors is still noticeable in the still challenging financial market environment, which is also reflected in prime yields. As a result, the net prime yield for logistics assets has risen by 25 basis points over the course of the year to currently 4.50%. In contrast, the premium segment in the retail high street and office sectors recorded no change, trading at 3.45% and 4.20% respectively, as they did 12 months ago.