GOOD START TO THE YEAR: +7% VS. Q1 2025
The retail investment market has started 2026 with a satisfactory first balance. Not only in terms of investment volume, which rose slightly year-on-year to around €1.37 billion (+7%), but also in terms of the structure, the current result is similar to the one from the first quarter of 2025.
On the one hand, with a portfolio consisting of 37 food markets and retail parks, it was once again possible to register a large-volume food portfolio. On the other hand, with the Alte Akademie in Munich and the Höfen am Brühl in Leipzig, individual high-street and shopping centre deals in the three-digit million segment were again concluded. However, it is also part of the truth that, as in the previous year, market activity in terms of the number of investments is almost entirely in the segments up to the €50 million mark (proportionate >95% of all sales). The number of deals should be positively emphasised, which has only been higher in 2022 in the last five years.
It is also pleasing that the retail investment market can continue to count on very different sales drivers. The clear constant remains the retail warehouse sector: with its current market share of 52%, it is the most important pillar, as it has been in recent years (Ø 10 years: 49%). A further 29% and 16% respectively were accounted for by high street buildings (including Alte Akademie) and shopping centres (including Höfe am Brühl), with one major deal and several smaller investments being observed in both cases. Department stores, on the other hand, remain underrepresented so far (only 3%).