SECOND-BEST RESULT - ONLY 2018 SLIGHTLY BETTER
After setting a new record of €1.55 billion in the same period of the previous year, the Stuttgart investment market missed this benchmark by only 8% after nine months with a total of €1.43 billion. The fact that demand remains at a high level is also shown by the number of registered deals, which, just as 12 months ago, stood at around 50 transactions. Finally, the small but subtle difference between the first three quarters of 2018 and 2019 is primarily due to a slightly lower average volume per sale, which fell marginally from €30 million to €28 million. This observation applies both to individual deals with €1.18 billion and 83% of the result, and to the segment of portfolio sales included on a pro rata basis with €245 million and a contribution of 17%. The sale of the Königsbaupassagen is the largest transaction in both the Stuttgart market and in the shopping centre market as a whole. This is pleasing, as the marketing processes for shopping centres have become more difficult in the meantime.
Read the full report by downloading the PDF document.