LOGISTICS INVESTMENT VOLUME SLIGHTLY BELOW PREVIOUS YEAR'S LEVEL
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The logistics investment market reached a volume of €2.8 billion in the first half of the year, which is slightly below last year's level (-2%). The market is very active overall, as evidenced by a significant increase in the number of deals compared to last year. However, there is currently a lack of portfolio transactions, which results in a lack of large-volume deals for a higher investment volume. Consequently, the current result deviates by around 20% from the ten-year average.
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The single deal segment alone achieved an excellent result of €2.3 billion, which is significantly higher than in the first half of the previous year and 19% above the long-term average. Only in the years from 2020 to 2022 was a higher volume recorded in the first half of the year. In the portfolio segment, comparatively small packages have mainly been recorded so far, meaning its share remains at a low level of almost 16%.
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Transactions in the three-digit million euro range have been severely underrepresented so far, partly due to the small number of portfolio deals. The result of transactions up to €100 million is therefore particularly remarkable: with around €2.5 billion, this category achieved the second-highest volume after the record year of 2022.
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Net prime yields remained unchanged in the second quarter, holding at 4.25% in A-locations and 4.45% in Leipzig.