HALF-YEAR RESULT BETTER THAN 2018 AND ABOVE AVERAGE
Even in times of e-commerce, retail investments are the second most important pillar of the commercial investment market after the office segment. At 22%, they are not only increasing their share compared with the other asset classes; with € 5.4 billion in the first half of the year they are also topping the result for the comparable prior-year period by 15% and the long-term average by 5%. It is pleasing to note that individual deals in the past five years have been characterised by a high degree of stability and have moved within a relatively small range between around €2.9 million and just under €3.5 million, which underlines the constant demand situation. In the first six months, a total of €3.04 billion was generated with individual transactions (56% of total investment volume). Nevertheless, it should be pointed out that the positive overall balance would not have been possible without the final takeover of the remaining Galeria Karstadt Kaufhof shares by Signa Holding, which account for slightly more than one fifth of the result.
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