Market Report No. 12 by the Initiative Unternehmensimmobilien

Market Report No. 12 by the Initiative Unternehmensimmobilien

The new market report shows: After a remarkable final spurt, corporate real estate for around EUR 3.1 billion has been traded for the full year 2019. The new record volume comes as a surprise to many market players, after transaction volumes in the first half of 2019 had still fallen significantly compared to the previous year. The development of corporate real estate is analogous to the entire commercial transaction market in Germany, which also set a new record with EUR 72.6 billion. In contrast, there is hardly any movement in the letting market.

What are Unternehmensimmobilien?

The term “Unternehmensimmobilien” refers to mixed-use commercial properties, typically with a tenant structure comprising medium-sized companies. Types of use normally include offices, warehouses, manufacturing, research, service, and/or wholesale trade, and open areas. Unternehmensimmobilien break down into four real estate categories, these being converted properties, business parks, light manufacturing properties, and warehousing/logistics assets. All four of these categories are characterised by alternative use potential, reversibility of use, and a general suitability for multi-tenant structures.

About the Initiative Unternehmensimmobilien

The INITIATIVE UNTERNEHMENSIMMOBILIEN currently comprises eleven companies active in the German corporate real estate market: Aurelis, BEOS, Corestate Capital Group, Cromwell Property Group, Deutsche Industrie REIT-AG, Frasers Property, Garbe Industrial Real Estate, Investa, Palmira Capital Partners, Siemens Real Estate and Sirius. The common goal is to improve transparency in this market segment in order to facilitate access to this asset class. For this purpose, a reporting system has been set up in cooperation with bulwiengesa in which all transaction and rental data of the participants are evaluated. Investors and market observers are regularly informed about the volume and performance of the sector. This happens above all in the form of the market report, which appears every six months.

Contact: Patrik Völtz, voeltz [at] bulwiengesa.de, Phone +49 (0)40 - 4232 2231

Photo:
Exterior view of an industrial park in Schortens, Source: Deutsche Industrie REIT-AG

Topics:
Ongoing Market Observations