LACK OF PORTFOLIO DEALS PREVENTS HIGHER INVESTMENT VOLUME
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The logistics investment market recorded a transaction volume of €4.2 billion during the first nine months of 2025. While this figure is almost 20% below the long-term average of €5.2 billion, it only slightly misses the level of the same period last year (-5%). This somewhat obscures the fact that the market is significantly more robust compared to last year and especially compared to 2023. Although there has been a significant increase in the frequency of transactions, this has not yet been reflected in a higher investment volume due to the lack of large-volume portfolio deals.
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Both portfolio transactions, which have a 10-year average market share of 43%, and large deals worth over €100 million, which have a 10-year average market share of 44%, contributed less than average to the logistics investment volume. However, it is encouraging that three portfolio deals exceeding €100 million each were recorded in the third quarter.
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Overall, the single deals segment posted a comparatively good result in the first three quarters. With an investment volume of just under €3 billion, it was slightly above the long-term average. This figure far surpassed the results from the previous two years (€2.2 billion and €2.3 billion, respectively).
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In the third quarter, all A-locations recorded a 15-basis-point increase respectively decompression in net prime yields. A-locations are currently valued at 4.40%, while Leipzig yields at 4.60%.