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Always the same agenda – and yet this time it could be different

Anyone who reads the agenda of INVESTMENTexpo 2026 understands the program. If you listen carefully, you have the chance to understand the market.

by Tobias Moroni | Institutional Investment Partners

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Dr. Wulff Aengevelt, geschäftsführender Gesellschafter Aengevelt Immobilien (Credits: Aengevelt Immobilien)

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“Aengevelt: Federal housing association does not solve any problems.”

by Aengevelt Immobilien

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Why residential real estate remains attractive in uncertain times

by MICHAEL SCHICK IMMOBILIEN GmbH & Co. KG

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Private markets reshape wealth management as alternatives drive portfolio diversification and revenue growth, says GlobalData

Alternative investments are becoming the core of wealth management. According to GlobalData, private equity, private credit, infrastructure and real assets increase diversification and resilience and strengthen recurring income – visible in Europe and Singapore.

by GlobalData

Infrastructure Markets Private Debt Private Equity Real Estate

Comment Weekly

The surprise of the energy transition could be that volatility, of all things, is becoming one of the most valuable raw materials in the system.

by Tobias Moroni | Institutional Investment Partners

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Frankfurt am Main, 19. Mai 2026 – Die Ergebnisse des RICS Global Construction Monitor für das erste Quartal 2026 zeigen, dass der übergeordnete Construction Sentiment Index (CSI) leicht auf einen Wert von +8 gestiegen ist, nach +7 in Q4 2025. Damit bewegt sich der Indikator weiterhin in leicht positiverem Terrain. Hinter dieser insgesamt stabilen Entwicklung zeigt sich jedoch ein differenzierteres Bild: Sowohl auf regionaler als auch auf Länderebene ist eine deutliche Verschiebung erkennbar.

Der kostenseitige Druck hat sich im Quartalsverlauf deutlich verschärft. Die 12-Monats-Kostenprognosen sind in allen Bereichen gestiegen, und die Befragten nennen zunehmend geopolitische Spannungen im Nahen Osten als einen wesentlichen Einflussfaktor. Auch die Erwartungen hinsichtlich der Kreditbedingungen haben sich deutlich verschlechtert. Der 12-Monats-Ausblick hat erstmals seit mehreren Quartalen deutlich ins Negative gedreht. Demgegenüber bleiben die Erwartungen hinsichtlich des zukünftigen Arbeitsvolumens insgesamt positive, insbesondere im Bereich Infrastruktur.

Regionale Verschiebung: Dynamik im Nahen Osten und Afrika lässt nach, APAC stabilisiert sich

Die auffälligste Entwicklung beim CSI in diesem Quartal war eine deutliche Abschwächung in der Region Naher Osten und Afrika (MEA), wo der Index im ersten Quartal von +29 auf +8 fiel. Dies zeigt nach mehreren Quartalen mit konstant starken Werten auf eine deutliche Abschwächung des Wachstumstempos. Auch in der Region Amerika schwächte sich der Index leicht von +25 auf +21 ab, obwohl die Region weiterhin eine solide positive Stimmung verzeichnet. Europa gab ebenfalls von +14 auf +7 nach und signalisiert damit einen gewissen Verlust an Dynamik bei der jüngsten Erholung. Im Gegensatz dazu verbesserte sich die Region Asien-Pazifik (APAC) auf einen neutralen Wert von 0 (von -14 in Q4). Diese Verbesserung ist hauptsächlich auf weniger negative Ergebnisse aus dem chinesischen Festland zurückzuführen. Dennoch bleiben die Bedingungen in den meisten anderen APAC-Märkten relativ robust, wodurch APAC die einzige Region war, die im Quartalsvergleich eine Verbesserung der Stimmung verzeichnete.

Auf Länderebene führen Indien und die USA das Wachstum an, während Katar, Mauritius und Frankreich zurückfallen Indien behauptete im ersten Quartal seine Position als stärkster Markt mit einem Wert von +42 %, gestützt durch breit angelegtes Wachstum in allen Sektoren und besonders starke Dynamik im privaten Wohnungsbau und in der Infrastruktur. Auch die Niederlande (+31), Singapur (+30) und die USA (+25) verzeichneten im Quartal solide Expansionen. Deutschland (+21), Saudi-Arabien (+18), Irland (+15) und Südafrika (+14) meldeten ebenfalls starke Werte, während die Vereinigten Arabischen Emirate (VAE) (+11), Malaysia (+9) und Australien (+4) moderateres Wachstum auswiesen. Am schwächeren Ende der Skala verzeichneten Katar (-43) und Mauritius (-29) deutliche Verschlechterungen gegenüber dem Vorquartal. Befragte in beiden Märkten verwiesen auf ein schwächeres Marktumfeld. Auch Hongkong (-28) und Frankreich (-27) blieben klar im Schrumpfungsbereich, während sich die Aktivität in China (-26) und Italien (-26) weiter abschwächte. Sri Lanka (-13) und Großbritannien (-10) meldeten moderat negative Werte, während sich die Bedingungen in Kanada (-3) und Neuseeland (-5) nahezu stabil zeigten.

Bei Betrachtung der sektoralen Aufschlüsselung übertrifft die Infrastruktur weiterhin andere Marktsegmente in vielen Regionen. In etwa zwei Dritteln der im Monitor erfassten Länder liegen die aktuellen Arbeitsvolumina im Infrastrukturbereich über denen im privaten Wohnungsbau und bei Gewerbeimmobilien. Frankreich, Mauritius und die Niederlande bilden Ausnahmen, da dort die Infrastrukturaktivität schwächer ist als in anderen Segmenten. Insgesamt bleibt Infrastruktur jedoch ein zentraler Wachstumstreiber im breiteren Baumarkt.

Zukunftserwartungen bleiben positiv, sind jedoch fragiler

Während das Gesamtbild weiterhin positiv bleibt, ist in diesem Quartal besonders auffällig, dass Befragte ihre Erwartungen für das Arbeitsvolumen in den nächsten 12 Monaten in den meisten Regionen und Sektoren zurückgeschraubt haben. Besonders stark ist diese Anpassung in der Region Amerika sowie in der Region Naher Osten/Afrika ausgeprägt. In Amerika fiel der Netto-Saldo für die Erwartungen im Gewerbeimmobilienbau innerhalb von 12 Monaten fast um die Hälfte auf +19 % (von +36 % in Q4), während sich die Erwartungen im privaten Wohnungsbau ebenfalls auf +19 % abschwächten (von +29 %).

In der Region Naher Osten/Afrika war der Rückgang noch deutlicher. Hier fielen die Infrastrukturerwartungen von +61 % auf +17 % und die Erwartungen für den Bau von Gewerbeimmobilien sanken von +40 auf +16 %. Die VAE liefern hierfür ein besonders deutliches Beispiel: Die Erwartungen beim Bau von Wohnungen fiel von +68 % auf -23 % (von +68 %) und beim Bau von Gewerbeimmobilien von +58 % auf -6 % (von +58 %). Auch Saudi-Arabien und Neuseeland verzeichneten deutliche Rückgänge ihrer 12-Monats-Prognosen in allen drei Sektoren.

APAC war die einzige Region mit einer deutlichen Verbesserung der 12-Monats-Erwartungen. Alle drei Sektoren verbesserten sich hier, da Befragte in China und Hongkong für das kommende Jahr weniger pessimistisch sind. Auch Deutschland und Indien meldeten verbesserte Erwartungen in allen drei Sektoren. Besonders stark bleiben die Infrastrukturerwartungen in den USA (+69 %) und Indien (+74 %).

Auf globaler Ebene stieg der Nettosaldo für das Infrastrukturarbeitsvolumen in den nächsten 12 Monaten weiter von +35 % auf +40 %. Dies unterstreicht die Rolle der Infrastruktur als widerstandsfähigster Teil des Ausblicks. Die zentrale Aussage lautet daher: Die Befragten erwarten weiterhin Wachstum im kommenden Jahr – allerdings mit deutlich weniger Überzeugung als noch vor drei Monaten, insbesondere in Märkten, die stark von geopolitischen und kostenbezogenen Störungen betroffen sind.

Kostendruck nimmt zu, Materialpreise besonders kritisch

Global sind die Kostenprognosen für die nächsten 12 Monate im ersten Quartal deutlich gestiegen. Die Prognose für Materialkosten stieg von 4,0 % auf 6,4 %. Die Erwartungen für qualifizierte und unqualifizierte Arbeitskräfte blieben weitgehend stabil bei 4,5 % bzw. 3,0 %. Der Anstieg bei Material- und Baukosten ist der stärkste seit längerer Zeit und steht im Einklang mit Aussagen der Befragten über steigende Kraftstoffpreise, Störungen im Schiffsverkehr sowie allgemeine Belastungen der Lieferketten aufgrund der Spannungen im Nahen Osten.

Ausblick für Kreditbedingungen verschlechtert sich deutlich

Die Kreditbedingungen verschlechterten sich im ersten Quartal weiter. Der Nettosaldo der Befragten, die in den vergangenen drei Monaten eine Verschlechterung meldeten, sank von -12 % auf -18 %. Noch bemerkenswerter ist die Verschlechterung der Zukunftserwartungen für in drei Monaten: -23 % (von +4 %) und für in 12 Monaten: -14 % (von +13 %). Dies stellt eine deutliche Umkehr gegenüber der schrittweisen Verbesserung Anfang 2025 dar. Die Befragten nennen dabei insbesondere Zinserwartungen, Volatilität an den Finanzmärkten sowie geopolitische Unsicherheit. Zusätzlich verschlechterten sich die aktuellen Gewinnmargen weiter auf einen Nettosaldo von -29 % (von -20 %). Dieser Margendruck entspricht dem starken Anstieg der Inputkosten, da erwartete Baukostensteigerungen voraussichtlich stärker ausfallen als Preissteigerungen bei Ausschreibungen.

Europa: Marktumfeld schwächt sich ab, Italien und Großbritannien folgen Frankreich in den negativen Bereich

Angesichts zunehmender geopolitischer und makroökonomischer Belastungen zeigen die Ergebnisse des Global Construction Monitor für Europa im ersten Quartal 2026 ein schwächeres regionales Bild, so dass der CSI von +14 auf +7 sank. Obwohl der Gesamtwert weiterhin positiv ist, zeigt die Betrachtung auf Länderebene ein deutlich fragmentierteres Bild als in den vergangenen Quartalen. Italien und Großbritannien sind nun neben Frankreich ebenfalls im negativen Bereich. Zudem haben sich die zuvor starken Werte in Deutschland, Irland und den Niederlanden abgeschwächt. Die europaweiten Erwartungen für den Wohnungsbau wurden zurückgenommen, während sich die Infrastruktur weiterhin widerstandsfähig zeigt.

Italien und Großbritannien rutschen in negativen Bereich

Auf Länderebene führt Deutschland die untersuchten Märkte weiterhin an, obwohl der Wert von +34 auf +27 sank. Auch die Niederlande schwächten sich von -25 auf +19 ab, Irland fiel von +18 auf +9. Die auffälligste Veränderung zeigte sich in Italien. Hier fiel der CSI deutlich von +18 auf -15 mit Schwäche in allen drei Sektoren. Großbritannien fiel ebenfalls klar ins Negative von +2 auf -9. Frankreich blieb mit -24 der schwächste Markt der Region und nahezu unverändert gegenüber -22 in Q4, wobei die Infrastruktur dort weiterhin etwas Unterstützung bietet.

Materialkosten ersetzen Arbeitskräftemangel als größtes Problem

Im ersten Quartal zeigt sich in Europa eine deutliche Veränderung bei den Faktoren, die die Aktivität bremsen. Materialkosten sind nun das am häufigsten genannte Problem: 63 % der Befragten nannten diesen Faktor, der damit deutlich höher als 50 % in Q4 liegt. In Deutschland lag der Anteil derer, die den Faktor nannten sogar bei 67 %.

Auch Materialengpässe stiegen auf von 17 % auf 27 %. Auch die unzureichende Nachfrage stieg von 37 % auf 46 %. Auch hier zeigt Deutschland eine ähnliche Tendenz, wo der Wert von 39 % auf 60 % stieg. Im Gegensatz dazu gingen folgende Faktoren europaweit zurück: Arbeitskräftemangel: 28 % (von 49 %), Wettbewerb: 28 % (von 33 %), Fachkräftemangel: 52 % (von 55 %) und Finanzierungsengpässe: stabil bei 52 % (von 54 %).

12-Monats-Ausblick bleibt positiv, aber Wohnungsbau schwächer

Bei den Erwartungen für die Arbeitsauslastung in den kommenden 12 Monaten zeigt sich, fiel im Bereich des Wohnungsbaus der Nettosaldo von +31 auf +14 %. Dies war der stärkste Rückgang unter allen Sektoren. Die Erwartungen für den Bau von Gewerbeimmobilien blieben weitgehend stabil bei +18 % (Q4: +20 %). Die Erwartungen für Infrastruktur verbesserten sich weiter von +24 % auf +38 %. Damit bleibt Infrastruktur das Segment mit dem stärksten Ausblick.

Auf Länderebene zeigt Deutschland weiterhin den ausgewogensten Ausblick über alle Sektoren hinweg. Besonders bemerkenswert ist dabei der starkte Anstieg beim Ausblick im Bereich des Wohnungsbaus, hier stieg der Wert von +38 % auf +67 %. Auch Irland und die Niederlande bleiben im positiven Bereich. Frankreich fällt als klarer Nachzügler auf, da Befragte dort in beiden privaten Sektoren mit einer Schrumpfung rechnen. Auch Italiens Ausblick hat sich deutlich verschlechtert. Die Erwartungen an die Gewinnmargen in den nächsten 12 Monaten verschlechterten sich ebenfalls stark von -1 % auf -19 %. Dies deutet auf wachsende Sorgen über sinkende Margen aufgrund steigender Kosten hin.

Fazit: Infrastruktur ist zentraler Treiber der Bauaktivitäten

Susanne Eickermann-Riepe FRICS, Senior Vice President (SVP) der RICS weltweit: „Der globale Construction Index bleibt stabil und zeigt eine moderate Verbesserung der allgemeinen Marktdynamik. Hinter dieser insgesamt stabilen Entwicklung zeigt sich jedoch ein differenzierteres Bild: Sowohl auf regionaler als auch auf Länderebene ist eine deutliche Verschiebung erkennbar. Der 12-Monats-Ausblick hat erstmals seit mehreren Quartalen deutlich ins Negative gedreht. Demgegenüber bleiben die Erwartungen hinsichtlich des zukünftigen Arbeitsvolumens insgesamt positiv, insbesondere im Bereich Infrastruktur. Das Segment wird zum zentralen Treiber der Bauaktivitäten. Der Kostendruck hat sich im Quartalsverlauf deutlich verschärft. Die 12-Monats-Kostenprognosen sind in allen Bereichen deutlich verschlechtert. Hintergrund sind die geopolitischen Spannungen im Nahen Osten, deren Auswirkungen auf Energie- und Materialpreise und die verschlechterten Kreditbedingungen. Damit dreht der Ausblick erstmals seit mehreren Quartalen deutlich ins Negative. Es bleibt abzuwarten, wie sich die Rahmenbedingungen für den Rest des Jahres entwickeln.“

Analysis Report

RICS: Cost pressure in the construction industry increases, outlook for credit conditions deteriorates / Germany leads the markets surveyed across Europe, although index falls, but outlook for residential construction activity rises significantly

by RICS

Infrastructure Markets Real Estate

News

Deals

News | May 19, 2026 |

In Marly-la-Ville (95), SEGRO has reached 100% occupancy in building D with two new signings

SEGRO has fully leased Building D at the SEGRO Logistics Park Marly-la-Ville (Val-d’Oise) through two new lease agreements. Grospiron Mobility Solutions is taking 4,982 m² (including approximately 100 m² of office space), and Quai 77 is expanding its operations; the site benefits from its proximity to Roissy-CDG.

by SEGRO

Deals

News | May 19, 2026 |

CBRE brokers over 5,000 square meters of logistics space in Hamburg-Billbrook

CBRE has brokered over 5,000 square metres of logistics space in Hamburg-Billbrook. The unit comprises 4,642 square metres of warehouse space, around 800 square metres of mezzanine space and 95 square metres of office space. Mieter is a European e-commerce service provider; The landlord is the Harpen Group.

by CBRE

Deals Real Estate

Mark Aengevelt, geschäftsführender Gesellschafter Aengevelt Immobilien. Bildquelle: Aengevelt Immobilien

News | May 19, 2026 |

Aengevelt brokers Social Infrastructure Investment to Franklin Real Asset Advisors.

Aengevelt Immobilien is brokering a 9,000 m² social property in Frankfurt am Main to Franklin Real Asset Advisors. The former hotel has been converted into a refugee shelter and is leased to a non-profit organization on a long-term basis.

by Aengevelt Immobilien

Deals Infrastructure

News | May 19, 2026 |

Crossbay achieves full occupancy of two urban logistics properties in Germany

Crossbay announces the full occupancy of two urban logistics properties in Berlin and Hamburg. Sportstech expanded in Großbeeren, and ACUT and J&T; in Hamburg, the last space went to Glomm Logistics. Crossbay manages over 180,000 m² in Germany.

by Crossbay

Deals Infrastructure

News | May 19, 2026 |

KGAL sells Italian Spalletti solar park from ESPF 5

KGAL’s ESPF 5 fund has sold the 16 MW Spalletti solar park in Emilia-Romagna to Altea Green Power. The plant near Parma, which will be commissioned in 2024, has feed-in tariffs. KGAL is thus continuing its buy-build-sell strategy.

by KGAL

Deals Energy

News | May 19, 2026 |

Robert C. Spies brokers office space in a prime location to the consulate of the Dominican Republic

Robert C. Spies has brokered a prestigious office space for the consulate of the Dominican Republic in Hamburg. The space is located on the top floor at Großer Burstah 23–27 near the town hall. The landlord is VALUES Real Estate.

by Robert C. Spies KG

Deals

News | May 19, 2026 |

CONREN Land reaches full occupancy at Kölner Straße 3 in Eschborn

CONREN Land has fully let the “KÖ3” office building at Kölner Straße 3 in Eschborn. After several new leases and contract extensions, the deal confirms the quality of the property and location Eschborn-Süd; was brokered by V&V Immobilien.

by CONREN Land

Deals Real Estate

Entrée des MERGENTHALER; Quelle: WÖHR + BAUER.

News | May 19, 2026 |

D-Link moves its German headquarters to MERGENTHALER

D-Link (Deutschland) GmbH is relocating its German headquarters to the revitalised MERGENTHALER office building in Eschborn and is renting around 470 sqm. With the closing, the occupancy rate rises to around 60%; the building scores with LEED and WiredScore “Platinum”, among others.

by WÖHR + BAUER GmbH

Deals Dynamics

News | May 18, 2026 |

Union Investment sells Fountains of Boynton shopping centre in the USA

Union Investment has sold the “Fountains of Boynton” shopping center in Boynton Beach, Florida. The price remains confidential and is higher than the most recently determined expert value. The sale reduces the US stake in UniImmo: Europe and improves liquidity; CBRE advised.

by Union Investment Real Estate

Deals Real Estate

News | May 18, 2026 |

Robert C. Spies and BNP Paribas broker 29,000 m² of logistics space in the Bremen freight village

Robert C. Spies and BNP Paribas Real Estate brokered a long-term lease agreement for around 29,000 m² of logistics and production space at Georg-Henschel-Straße 5 in the Bremen freight village. the property is used as a single-tenant property for production supply.

by Robert C. Spies KG

Deals Real Estate

News | May 18, 2026 |

PANDION sells part of the quarter on Düsseldorf’s Albertussee to GARBE Urban Real Estate

PANDION has sold the fourth construction phase of the quarter on Düsseldorf’s Albertussee to GARBE Urban Real Estate. The approximately 9,300 m² plot offers potential for approx. 12,000 m² of living space; four sustainable apartment buildings are planned. GARBE wants to realize rental apartments in timber element construction.

by PANDION AG

Deals Developments Real Estate

News | May 18, 2026 |

REALOGIS achieves full occupancy of logistics property in Ginsheim-Gustavsburg for M7 Real Estate

REALOGIS Frankfurt has fully let a logistics property in Ginsheim-Gustavsburg for M7 Real Estate. Around 6,900 m² went to Bakelog GmbH; previously, 1,850 m² of hall and approx. 350 m² of office were already brokered to Sovereign Network GmbH. Easy access via A60/A671.

by REALOGIS

Deals Real Estate

News | May 18, 2026 |

Further rental space in G2 in Neu-Isenburg will be occupied by Gorilla Glue

Gorilla Glue is leasing 365 m² of office space in G2 in Neu-Isenburg and will move into an entire floor from the end of the third quarter of 2026. The lease runs for ten years; The owner is Corum; CBRE and Dentons were advisors, and blackolive on the tenant side.

by Red Square

Deals Real Estate

The Cube House, Copyright: Milan Hofmans

News | May 18, 2026 |

BNP Paribas and Arcadis relocate their Netherlands headquarters to the Cube House office property in Amsterdam

BNP Paribas Netherlands and Arcadis have moved their headquarters to the new office property The Cube House in Amsterdam. a.s.r. real assets reports 85% occupancy rate; Amac will open a flagship store in May, and Naturalis will launch a permanent exhibition on July 2, 2026.

by a.s.r. real estate

Deals Real Estate

News | May 13, 2026 |

CBRE advises UPM on the sale of a former paper mill in Ettringen

CBRE is advising the Finnish paper group UPM on the sale of the former production site in Ettringen (Unterallgäu). The 63.9-hectare site offers rail siding, 79 MW of electricity capacity and A96 connection. Initial talks are underway.

by CBRE

Deals

News | May 13, 2026 |

JLL: French fund buys mixed-use building ensemble in Cologne

An institutional investor has sold a mixed-use real estate ensemble with around 6,500 m² (office, warehouses, local suppliers) in Cologne. The buyer is a French real estate fund. JLL advised the seller and brokered the transaction.

by JLL

Deals

Cooperations

Robert Patzschke und Jonas Renström beim Handschlag zur Gründung der Kooperation zwischen Patzschke Architekten und MADE+ für klassisch-traditionelle Architektur in Schweden.

News | May 19, 2026 |

Patzschke Architects and MADE+ establish cooperation for classical-traditional architecture in Sweden

Patzschke Architekten (Berlin) and MADE+ (Stockholm) are starting a cooperation for classical-traditional architecture in Sweden. The aim is to create a sustainable structure for high-quality projects; the partners see growing demand and promote a people-oriented, small-scale building culture.

by Patzschke Architekten

Cooperations

News | May 18, 2026 |

Ypsilon advises private equity investor Afinum on the launch of its tenth fund

The Ypsilon Group advises Afinum on the launch of the Afinum X fund in accounting, tax advice and tax compliance. The special AIF, launched in 2026, has a volume of 500 million euros, is structured as a closed-end investment limited partnership and runs for ten years.

by Ypsilon Group

Cooperations Private Equity

News | May 12, 2026 |

Deutsche Erbbau and Blackster Real Estate are developing around 60 residential units in Munich under heritable building rights

Deutsche Erbbau and Blackster Real Estate are planning around 60 residential units under heritable building rights in Munich-Thalkirchen-Obersendling. The basis is a long-term contract with the Evangelical Lutheran Passion Church. Completion is scheduled for 2028, subject to planning permission.

by Deutsche Erbbau
Blackster Real Estate

Cooperations Developments

News | May 12, 2026 |

HAMBURG TEAM completes mixed-use ensemble in Berlin’s City West on behalf of the Jahr Group

HAMBURG TEAM and the Jahr Group have completed the mixed-use ensemble John Jahr Haus in Berlin’s City West. The complex covers around 22,000 m² with a 17-storey tower; The anchor tenant is Grant Thornton from November 2026. A temporary light installation will run until October 2026.

by HAMBURG TEAM Gruppe

Cooperations Developments

News | May 11, 2026 |

Laying of the foundation stone in the Liesel Quartier in Göttingen: WERTGRUND and WohnRaum Niedersachsen send a strong signal for residential construction

In Göttingen’s Liesel Quartier, WERTGRUND and WohnRaum Niedersachsen celebrated the laying of the foundation stone for the first construction phase together with Minister of Economic Affairs Grant Hendrik Tonne. 220 apartments (67 subsidized) are to be built, a total of around 600. First units from the beginning of 2028.

by WERTGRUND Immobilien AG
WohnRaum Niedersachsen GmbH

Cooperations Developments Real Estate

News | May 11, 2026 |

Pilot project by ÖFB, Art-Invest and Goldbeck: Germany’s first multi-storey car park to receive EU taxonomy verification

In the Eschborn Gate district, the multi-storey car park is the first in Germany to receive EU taxonomy verification from the DGNB. OFB, Art-Invest and Goldbeck jointly developed a new methodology with a focus on climate adaptation. Risk mitigation measures have been implemented.

by OFB Projektentwicklung GmbH

Cooperations Developments

News | May 11, 2026 |

B&L Property Management receives mandate from AUG. PRIEN in Bremen

B&L Property Management has another property management mandate from AUG in March 2026. PRIEN. It comprises a modern laboratory building in Bremen with around 7,900 square metres, completed in January 2026 and fully let to a medical user.

by B&L Gruppe

Cooperations

News | May 8, 2026 |

Next step for the D.STRICT district development – Swiss Life Asset Managers and the City of Düsseldorf sign key points agreement

On 6 May, Swiss Life Asset Managers and the City of Düsseldorf signed the key points agreement on the “Metro Campus” development plan for the D.STRICT district at the polis Convention. It creates planning security and aims for completion and the start of construction by 2027.

by Swiss Life Asset Managers

Cooperations Developments Real Estate

Lageplan Wycker Höfe, Kiel-Wik, Schleswig-Holstein, ein Projekt von Cureus und Richard Ditting. Bildquelle: SKAI Siemer Kramer Architekten Ingenieure

News | May 7, 2026 |

Cureus and Ditting plan Wycker Höfe in Kiel – generational quarter with up to 1,000 apartments

Cureus and Richard Ditting are planning the Wycker Höfe generational quarter in the Wik district of Kiel with around 800 to 1,000 apartments, including subsidized rental apartments, student apartments as well as serviced housing and a retirement home. A daycare centre, small businesses, underground car parks and sustainable energy and mobility solutions are also planned; around 30 percent of the floor area is to be publicly subsidized. Construction is scheduled to start in 2027, with the first completions could take place in 2029.

by Cureus GmbH

Cooperations Developments Real Estate

News | May 5, 2026 |

Westbridge restructures energy supply for 285 delivery points of Nieder-Ramstädter Diakonie

Westbridge Advisory has restructured the electricity and gas procurement for the Nieder-Ramstädter Diakonie Foundation and recontracted 285 supply points in the long term. For 2027–2029, around 3.3 GWh of electricity per year and for 2029 around 15.7 GWh of gas were allocated at fixed prices; procurement is centrally controlled and supplemented by certified guarantees of origin. Westbridge accompanied the tendering, evaluation and awarding of contracts and is responsible for the ongoing energy monitoring.

by Westbridge

Cooperations Energy

News | May 5, 2026 |

KINGSTONE RE becomes Iroko’s exclusive investment advisor in Poland

KINGSTONE Real Estate has entered into a cooperation with the French asset manager Iroko and will act as exclusive investment advisor in Poland for the Iroko Atlas fund. The focus is on commercial real estate with high current cash flows in good locations; 2 to 20 million euros are planned per property. A first office property in Krakow has already been acquired.

by KINGSTONE Real Estate

Cooperations Real Estate

News | May 4, 2026 |

Educational Real Estate Initiative launched: Industry joins forces for more transparency and better framework conditions

The initiative brings together key market players who are already actively involved in the development, financing and operation of educational real estate – including the role of long-term owners and landlords who ensure sustainable management and use of the properties. Deutsche Kreditbank AG, Drees & Sommer, GSK Stockmann, HIH Projektentwicklung, Hemsö, LHI Group, LBBW Immobilien and mondial KVG are participating as founding partners.

by bulwiengesa GmbH

Cooperations Real Estate

News | May 4, 2026 |

Zurich Group Germany further expands cooperation with CBRE

Zurich Group Germany has transferred the property management of a Luxembourg commercial real estate fund it advises to CBRE, thus expanding its cooperation. CBRE already looked after parts of the portfolio; with the expanded mandate, the portfolio managed by CBRE will grow from around 122,000 to around 188,000 square metres across the types of office, retail, hotel, logistics and residential.

by CBRE

Cooperations Real Estate

News | April 30, 2026 |

De Gaulle Fleurance advises Decade Energy on a €16 million fundraising round

De Gaulle Fleurance has advised Decade Energy on a financing round of 16 million euros. The funds come from Eiffel Investment Group through its Eiffel Transition Infrastructure Fund, among others, and are intended to accelerate the development of energy infrastructure in logistics depots in Europe to electrify truck fleets. At the same time, another capital round is underway under the leadership of SET Ventures.

by De Gaulle Fleurance

Cooperations Cooperations Deals Energy

News | April 29, 2026 |

Cresco Immobilien Verwaltungs GmbH manages Student Housing in Cologne for BGO

Cresco Immobilien Verwaltungs GmbH is taking over the management of a PBSA student dormitory in Cologne-Ehrenfeld with 153 units on behalf of BGO, which will be operated as “K115 by Neon Wood” in the future. With the mandate, the CIV portfolio grows to over 2,200 units; The aim is to sustainably stabilise and strategically develop the asset. The connection to the Neon Wood platform with digital processes is intended to strengthen leasing and performance.

by Cresco Immobilien Verwaltungs GmbH

Cooperations Real Estate

News | April 29, 2026 |

Goldbeck Parking Services implement intelligent parking management at Lübbecke Hospital

From now on, the parking specialist will take over the management of almost 500 parking spaces in several parking areas and in a single-storey multi-storey car park. The client is Mühlenkreiskliniken AöR, which awarded the contract as part of a public tender.

by GOLDBECK GmbH

Cooperations

Developments

News | May 19, 2026 |

Construction progress at the Bodenrode solar park – EEG commissioning on schedule

Quadoro and EB-SIM report progress at the Bodenrode solar park: The photovoltaic system was commissioned on May 18, 2026 in compliance with the EEG. Initial feed-in and project completion are planned for autumn 2026; Output around 10 MWp, expected annual yield approx. 10.7 million kWh.

by Quadoro Investment GmbH
EB – Sustainable Investment Management GmbH (EB-SIM)

Developments Energy

News | May 18, 2026 |

PANDION sells part of the quarter on Düsseldorf’s Albertussee to GARBE Urban Real Estate

PANDION has sold the fourth construction phase of the quarter on Düsseldorf’s Albertussee to GARBE Urban Real Estate. The approximately 9,300 m² plot offers potential for approx. 12,000 m² of living space; four sustainable apartment buildings are planned. GARBE wants to realize rental apartments in timber element construction.

by PANDION AG

Deals Developments Real Estate

News | May 13, 2026 |

smartments Apartments reopens after renovation in Berlin’s Prenzlauer Berg

smartments reopened its store in Berlin Prenzlauer Berg at the beginning of April after extensive renovation. New features include a further developed room concept, family rooms and flexible studio furniture. The lobby has been transformed into a multifunctional lounge with mobile hosts.

by smartments

Developments Dynamics

News | May 13, 2026 |

Retail park for Bexbach: Rewe, Netto Marken-Discount and dm move into former “real” building

In Bexbach, three new units are being built in the former real market: Rewe, Netto Marken-Discount and dm. CBRE accompanied the redivision and letting; the building permit has been obtained. The opening is planned for the end of 2026/beginning of 2027, demolition work has begun.

by CBRE
PATRIZIA SE

Developments Real Estate

News | May 13, 2026 |

Periscope Development Laborgh buys site at Sportforum

LABORGH acquires a 31,100 m² site at Weißenseer Weg/Konrad-Wolf-Straße in Berlin-Lichtenberg from a company advised by Periskop Development. Around 700 affordable apartments and 15,000 m² of commercial space are planned; Construction will start in 2027.

by Periskop

Deals Developments Real Estate

News | May 12, 2026 |

Deutsche Erbbau and Blackster Real Estate are developing around 60 residential units in Munich under heritable building rights

Deutsche Erbbau and Blackster Real Estate are planning around 60 residential units under heritable building rights in Munich-Thalkirchen-Obersendling. The basis is a long-term contract with the Evangelical Lutheran Passion Church. Completion is scheduled for 2028, subject to planning permission.

by Deutsche Erbbau
Blackster Real Estate

Cooperations Developments

News | May 12, 2026 |

HAMBURG TEAM completes mixed-use ensemble in Berlin’s City West on behalf of the Jahr Group

HAMBURG TEAM and the Jahr Group have completed the mixed-use ensemble John Jahr Haus in Berlin’s City West. The complex covers around 22,000 m² with a 17-storey tower; The anchor tenant is Grant Thornton from November 2026. A temporary light installation will run until October 2026.

by HAMBURG TEAM Gruppe

Cooperations Developments

News | May 11, 2026 |

Laying of the foundation stone in the Liesel Quartier in Göttingen: WERTGRUND and WohnRaum Niedersachsen send a strong signal for residential construction

In Göttingen’s Liesel Quartier, WERTGRUND and WohnRaum Niedersachsen celebrated the laying of the foundation stone for the first construction phase together with Minister of Economic Affairs Grant Hendrik Tonne. 220 apartments (67 subsidized) are to be built, a total of around 600. First units from the beginning of 2028.

by WERTGRUND Immobilien AG
WohnRaum Niedersachsen GmbH

Cooperations Developments Real Estate

News | May 11, 2026 |

MEAG finances battery-powered regional trains in North Rhine-Westphalia

MEAG has completed the long-term financing of 61 battery-powered regional trains for the Northern Westphalia network. From December 2029, they will replace diesel trains and enable locally emission-free operation. The financing is provided as a fixed-interest senior note.

by MEAG MUNICH ERGO AssetManagement GmbH

Developments Energy Infrastructure

News | May 11, 2026 |

In Germany, the HoSt Group is replacing an industrial company’s pulverized lignite and gas firing system with a 25 MW biomass power plant fired with industrial waste wood

The HoSt Group is starting the construction of a 25 MW biomass cogeneration plant in the Osnabrück region. It replaces a pulverized lignite furnace and two gas boilers; Commissioning by mid-2027. Contracting model, approx. € 35 million investment, around 65,000 t CO₂ savings per year.

by HoSt Group

Developments Energy

News | May 11, 2026 |

Pilot project by ÖFB, Art-Invest and Goldbeck: Germany’s first multi-storey car park to receive EU taxonomy verification

In the Eschborn Gate district, the multi-storey car park is the first in Germany to receive EU taxonomy verification from the DGNB. OFB, Art-Invest and Goldbeck jointly developed a new methodology with a focus on climate adaptation. Risk mitigation measures have been implemented.

by OFB Projektentwicklung GmbH

Cooperations Developments

News | May 8, 2026 |

Sweden’s Flower brings Hamburg’s largest battery storage project to construction readiness (100 MW / 400 MWh)

Flower has brought a 100 MW/400 MWh battery storage project in Hamburg-Bergedorf to construction readiness. It is scheduled to go into operation at the end of 2028 and is considered the largest storage facility within a major German city. The project stabilises the grid; Hamburg Invest supported the settlement.

by Flower

Developments Energy Infrastructure

News | May 8, 2026 |

Next step for the D.STRICT district development – Swiss Life Asset Managers and the City of Düsseldorf sign key points agreement

On 6 May, Swiss Life Asset Managers and the City of Düsseldorf signed the key points agreement on the “Metro Campus” development plan for the D.STRICT district at the polis Convention. It creates planning security and aims for completion and the start of construction by 2027.

by Swiss Life Asset Managers

Cooperations Developments Real Estate

News | May 8, 2026 |

Erlangen: Laying of the foundation stone for the new MO Carré urban quarter

The MO Carré is visibly taking shape: The ceremonial laying of the foundation stone on 7 May 2026 marked the official start of the realisation of a new, urban Erlangen urban quarter. As the client, PSD Bank Nuremberg had invited to this important milestone.

by S&P Commercial Development

Developments Real Estate

News | May 7, 2026 |

Starting signal for comprehensive renovation during ongoing operations – Goldbeck Parking Services revitalize parking garage in Lingen

Goldbeck Parking Services is revitalizing the parking garage at Lookentor in Lingen during ongoing operations. The work started on May 4, 2026 and is scheduled to be completed by autumn 2027; The client is the Emsländische Volksbank. Among other things, concrete repair with robot technology, adjustments to the drainage system and new surface protection, marking and paint concepts to increase safety and comfort are planned.

by GOLDBECK GmbH

Developments Infrastructure Real Estate

News | May 7, 2026 |

Cureus and Ditting plan Wycker Höfe in Kiel – generational quarter with up to 1,000 apartments

Cureus and Richard Ditting are planning the Wycker Höfe generational quarter in the Wik district of Kiel with around 800 to 1,000 apartments, including subsidized rental apartments, student apartments as well as serviced housing and a retirement home. A daycare centre, small businesses, underground car parks and sustainable energy and mobility solutions are also planned; around 30 percent of the floor area is to be publicly subsidized. Construction is scheduled to start in 2027, with the first completions could take place in 2029.

by Cureus GmbH

Cooperations Developments Real Estate

Dynamics

Florian Scheef, Vice President Finance im CoreNet Global Central Europe Chapter. Bildquelle: Fresenius Medical Care

News | May 19, 2026 |

Personnel changes at CoreNet Global: Florian Scheef takes over as Vice President Finance

CoreNet Global Central Europe is filling the position of VP Finance: Florian Scheef (Fresenius Medical Care) will take over the role as of June 1, succeeding Patrick Lange. Lange will head the Rhine-Main platform together with Jessica Cwyk in the future.

by CoreNet Global (CNG)

Dynamics

News | May 19, 2026 |

D-Link moves its German headquarters to MERGENTHALER

D-Link (Deutschland) GmbH is relocating its German headquarters to the revitalised MERGENTHALER office building in Eschborn and is renting around 470 sqm. With the closing, the occupancy rate rises to around 60%; the building scores with LEED and WiredScore “Platinum”, among others.

by WÖHR + BAUER GmbH

Deals Dynamics

News | May 19, 2026 |

Sonar Real Estate takes over asset management for pool fund

Sonar Real Estate is taking over the asset management of a multi-investor fund administered by HansaInvest as a service KVG. The fund property is a fully let office ensemble in Offenbach-Kaiserlei with around 14,000 m² and a multi-storey car park with 330 parking spaces. Tenants include AXA and IWG (Regus).

by Sonar Real Estate

Dynamics

JAPlanet-Batteriesysteme werden an Standorten in Italien, Deutschland, den Niederlanden und Litauen eingesetzt. Bildquelle: JA Solar

News | May 18, 2026 |

JA Solar expands its presence in the European energy storage market with several JAPlanet installations in Germany, Austria, Italy, the Netherlands and Lithuania

JA Solar is launching the first wave of JAPlanet battery storage installations in several countries in Europe. The modular LFP systems for C&I scale up to 5.2 MWh and are used in agriculture, hospitality, municipal facilities and critical infrastructure.

by JA Solar

Dynamics

News | May 18, 2026 |

Westbridge appoints Felix Waldeier as Head of People & Culture

Westbridge has appointed Felix Waldeier as Head of People & Culture effective May 18, 2026. He bundles all HR functions and drives recruiting, management development and modern remuneration models. Previously, he led People & Culture at Norton Rose Fulbright in Germany.

by Westbridge

Dynamics

News | May 18, 2026 |

AUKETT + HEESE awarded as “BIM Champion 2026” in the Siemensstadt Square project Module C1.1

AUKETT + HEESE has been named “BIM Champion 2026” in the category “From planning to sustainable operation”. The award was given to the contribution to the Siemensstadt Square project – module C1.1. The jury praised the holistic BIM process, cooperation and sustainability.

by AUKETT + HEESE

Dynamics

Marvin Stenvers
(Copyright: alwlsobott gmbh)

News | May 18, 2026 |

LIST Bau Nordhorn with new management: Marvin Stenvers takes over management

LIST Bau Nordhorn appoints Marvin Stenvers as Managing Director as of May 1, 2026. He succeeds Jens Schulte, who is expanding the management of LIST Bau Holding. Stenvers is to expand the business and drive new asset classes such as data centers and residential.

by LIST Gruppe

Dynamics

News | May 13, 2026 |

Sotheby ́s International Realty opens new location in Rosenheim and strengthens presence in Chiemgau

Sotheby ́s International Realty opens a new location in Rosenheim, thus strengthening its presence in Chiemgau. The office at Ludwigsplatz 9 complements the Munich and Tegernsee locations. The company is responding to high demand for premium and luxury properties.

by Sotheby´s International Realty

Dynamics Real Estate

News | May 13, 2026 |

smartments Apartments reopens after renovation in Berlin’s Prenzlauer Berg

smartments reopened its store in Berlin Prenzlauer Berg at the beginning of April after extensive renovation. New features include a further developed room concept, family rooms and flexible studio furniture. The lobby has been transformed into a multifunctional lounge with mobile hosts.

by smartments

Developments Dynamics

ICG launcht “Social Impact Hub” zur Förderung von Immobilienprojekten mit sozialer und gesellschaftlicher Wirkung. Bild: ICG

News | May 13, 2026 |

ICG launches “Social Impact Hub” to promote real estate projects with social and societal impact

The ICG has launched the digital Social Impact Hub. The platform bundles best practices, networks stakeholders and serves as a marketplace for offers and requests for socially effective real estate projects. At the start, use is free of charge for all interested parties.

by ICG

Dynamics

News | May 12, 2026 |

Scope confirms very high quality in KGAL’s asset management

Scope has confirmed KGAL’s Asset Manager Rating at AA- for the 8th time in a row. High quality standards, strong risk management and expertise in real estate (AA-), sustainable infrastructure (AA) and aviation (AA) are highlighted.

by KGAL

Dynamics

News | May 12, 2026 |

Katja Ullrich takes over letting management at Real I.S. Real Estate Management GmbH in Berlin

Real I.S. is strengthening its letting management: Katja Ullrich will take over the newly created position of Letting Manager in Berlin on 1 April 2026. The experienced office real estate specialist is a targeted addition to the nationwide team.

by Real I.S. AG Gesellschaft für Immobilien Assetmanagement

Dynamics

| May 12, 2026 |

New dual leadership for CoreNet Global in the West region

On May 1, Dr. Sven Weberbauer (KPMG) and Oliver Küppers will take over the Regional Management West of CoreNet Global Germany. They succeed Steffen Skopp (Deloitte) and want to further develop the network with new formats and impulses.

by CoreNet Global (CNG)

Dynamics

News | May 12, 2026 |

Manuel J. Niederhofer becomes Managing Director of e+k Investment Management GmbH

Ehret+Klein appoints Manuel J. Niederhofer as Managing Director of e+k Investment Management GmbH as of 01.07.2026. He is to expand the in-house KVG and drive forward the strategic development of investment management, with the aim of full licensing.

by ehret+klein

Dynamics

News Quarterly | May 12, 2026 |

TAG Immobilien AG with a successful start to 2026; Operationally strong development continues

TAG Immobilien AG has made a very successful start to the 2026 financial year: FFO I rises by 10%, FFO II by 23%. Strong rental growth in Germany and Poland as well as significantly improved sales result in Poland. Key financial figures robust, outlook for 2026 confirmed.

by TAG Immobilien

Dynamics

News Quarterly | May 12, 2026 |

PATRIZIA: Strong growth in EBITDA and net income for the period in 3M 2026

PATRIZIA reports EBITDA of EUR 23.7 million (+41.3%) and net income of EUR 12.2 million for 3M 2026; the EBITDA margin rises to 32.7%. AUM remains stable at EUR 55.8 billion, outlook for 2026 with EBITDA of EUR 60–75 million confirmed.

by PATRIZIA SE

Dynamics

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Cases

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Analysis Forecast Survey

New study by IWG on Office 2050 and how the world of work will change by then

A new IWG study (“Work Reimagined: The Office of 2050”) predicts that neural implants, AI, and immersive technologies will fundamentally change the workplace by 2050. Long commutes and the classic eight-hour day are set to disappear, while hybrid, distributed work models, smarter office environments, and a greater focus on well-being and flexibility are gaining traction. The methodology is based on a survey in March 2026 and supplementary DACH studies.

by International Workplace Group (IWG)

Cases Markets Real Estate

Article Whitepaper

The Valuation Gap: Real Estate Valuation as a Strategic Anti-Financial Crime Instrument

by Marijo Sarac | Baker Tilly GmbH & Co. KG Wirtschaftsprüfungsgesellschaft

Cases Real Estate

Discussion Quarterly Video

mrp hotels quarterly – Active hotel asset management becomes a decisive success factor in a volatile market environment

by mrp hotels

Cases Markets Real Estate

Regulatory

More about this category

Comment

vdp criticises EU Commission’s drafts for the revision of the EU taxonomy

The Association of German Pfandbrief Banks (vdp) criticises the EU Commission’s drafts for the revision of the EU taxonomy as impractical and too complex. The proposals would rather slow down renovations, make it more difficult to apply in real estate financing and thus hinder the generation of taxonomy-compliant loans; the vdp demands, among other things, the waiver of DNSH testing obligations for renovations as well as practicable criteria. In addition, the association warns against a premature tightening of new construction standards and calls for more functional definitions for “green” buildings.

by Verband deutscher Pfandbriefbanken (vdp)

Regulatory Statements

Analysis Article Infographic Report

Construction Financing for IAB-Driven Renewable Energy Projects in Germany

by Mohit Sharma | r2 Advisors

Cases Energy Infrastructure Private Debt Private Equity Regulatory

News

Building Modernization Act: Government wants to protect tenants from the state

by Immobilienverband Deutschland IVD Bundesverband e. V.

Energy Regulatory

Real Estate

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Analysis Monthly Report

Savills: AI has not slowed down Europe’s office employment so far – economy remains a key driver

A Savills analysis shows that AI has not yet triggered a nationwide decline in office employment in Europe; the economy remains the most important driver. Job quotas are at pre-crisis levels as AI companies expand. In the short term, the economic situation is decisive, not AI.

by Savills

Markets Real Estate

Die Beschleunigung institutioneller Narrative

Comment Weekly

The Acceleration of Institutional Narratives

by Tobias Moroni | Institutional Investment Partners

Cases Markets Real Estate

Außenansicht einer Produktionsimmobilie in Hannover-Laatzen, Quelle: BEOS

Analysis Report

Light Industrial Real Estate: Market Gains Stability in 2025

by bulwiengesa GmbH

Markets Real Estate

Infrastructure

More about this category

Comment Weekly

When volatility becomes a business model in infrastructure investments – the example of battery storage

Battery storage is currently the most visible proxy for the role of infrastructure shifting for investors. Falling costs, rising electricity demand and volatile energy markets are reinforcing this development.

by Tobias Moroni | Institutional Investment Partners

Cases Energy Infrastructure

Analysis Report

LIP Invest publishes market report “Logistics Real Estate Germany” for Q1 2026

by LIP Invest

Infrastructure Markets

Chiara Aengevelt, geschäftsführende Gesellschafterin Aengevelt Immobilien. Bildquelle: Aengevelt Immobilien

Analysis Forecast

Aengevelt sees growth market for Defence Properties

by Aengevelt Immobilien

Infrastructure Markets

Energy

More about this category

Analysis Whitepaper

Hydrogen White Paper: How PtX Certification Is Shaping the International Hydrogen Export Market:

Four Fraunhofer Institutes publish a white paper on PtX certification for exports from the SADC region. It compares requirements in the EU, UK, South Korea and Japan; the EU is the strictest. Early target market selection shapes plant design, costs and investments.

by Fraunhofer IEG

Energy Markets

Article

Hybrid against the dark doldrums

by Schmidmeier NaturEnergie GmbH

Cases Energy

Forecast

Philippines renewable capacity to reach 30GW by 2035, forecasts GlobalData

by GlobalData

Energy Markets

Private Equity

More about this category

Analysis Article Report

The convergence of digital and clean power infrastructure

Digital and clean power infrastructure are both expanding rapidly, driven by artificial intelligence (AI) adoption, cloud computing, and electrification. Our recent research paper explains why we believe these trends can create structural growth opportunities for investors and …

by Miriam Uebel | L&G

Energy Infrastructure Markets Private Debt Private Equity

Foto von Tingey Injury Law Firm auf Unsplash

Analysis Article

FRiG follows StoFöG – double blow for German funds

by Robert Guzialowski | HANSAINVEST Hanseatische Investment-GmbH

Infrastructure Private Debt Private Equity Real Estate Regulatory

Daiva Rakauskaitė, Aneli Capital (Source: Aneli Capital)

News Report

As Europe falls behind in AI, investors urge action on quantum

by Aneli Capital

Markets Private Equity

JLL: Worse mood pushes Difi into the red at the start of the year

The German Real Estate Financing Index (Difi) fell by almost ten points to minus 9.1 at the beginning of 2026; The financing situation and expectations are assessed more pessimistically. Despite the gloomy climate, new lending business from Germany’s major real estate banks increased significantly in 2025, while alternative financiers are expanding their offerings. Residential remains the best-valued asset class, but geopolitical uncertainties and higher interest rates are clouding the outlook.

by JLL

Markets Private Debt Real Estate