YEAR ON YEAR IMPROVEMENT, BUT STILL BELOW AVERAGE
With an investment volume of €7.7 billion, after the first three quarters the retail investment market ranks 22% above the previous year's figure and around 7% below the long-term average despite a challenging market environment. The result for the last three months in particular, with a volume of over €3.6 billion (47% of total volume), sounds very good at first glance. A look behind the figures reveals that slightly under half of the quarterly result was generated by the takeover of Deutsche EuroShop AG. On a more positive note, the analysis of single investments, with a volume of just under €4.3 billion in the current year, marks the best result since 2018, contributing the most transactions year to date. Particularly noticeable is the brisk market activity for smaller properties, whereby transactions of up to €50 million accounted for a good 52% of the total volume. It is therefore not surprising that the average volume of single deals reached a very low level of €18 million.