At a Glance Q3 2021

Office investment market Germany

Büro-Investmentmarkt Deutschland


Office investments continue to be in the focus of both national and international investors. With a nationwide transaction volume of a good €17.84 billion, the third-best total of the last ten years was achieved. The good result is all the more impressive as the portfolio share is disproportionately low at just over 6%. Only around €1.14 billion was invested in portfolios, significantly less than in previous years. The volume generated by single deals, on the other hand, increased significantly (+58%) to some €16.7 billion, which is a proud 37% above the ten-year average. For investors, it is obvious that the office will continue to be the focal point for employees in the future. Against this backdrop, it is unsurprising that offices have once again clearly taken the lead among all asset classes. Overall, they contribute a good 45% to the commercialinvestment volume and thus slightly exceed their long-term average. The largest transaction was the purchase of the T1 Tower in Frankfurt by Allianz for around €1.4 billion, which was accompanied by BNP Paribas Real Estate on the buy side.

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