Real Estate

Real estate is the dominant asset class in the real assets sector, but also the most versatile.

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News

GalCap Europe buys three life science properties in Heidelberg

Entry into the German market with laboratory portfolio in the technology park "Im Neuenheimer Feld"

by GalCap Europe

Deals Real Estate

Foto von Ozgu Ozden auf Unsplash

Quarterly Report

Savills examines real estate investment market Germany: Iran war increases price and action pressure

Savills analysed the German real estate investment market in the first quarter of 2026 and found that the Iran war is leading to a decline in transaction volumes and rising yields on logistics properties. Public sector and owner-occupiers dominate the market, while healthcare/social real estate and mixed-use properties are recording sales increases.

by Savills

Markets Real Estate

Quarterly Report

Logistics real estate investment market got off to a positive start in 2026

The German industrial and logistics real estate investment market generated a transaction volume of EUR 1.4 billion in the first quarter of 2026, an increase of 16 percent compared to the same quarter of the previous year. Interest from international investors remains strong, despite a decline in the value-add segment due to product shortages.

by CBRE

Markets Real Estate

Investmenttransaktionsvolumen in Deutschland (Gewerbe- und Wohnimmobilien insgesamt, ohne anteilige Übernahmen von Unternehmensanteilen) (Bildquelle: CBRE Research)

Quarterly Report

Gradual recovery in the German real estate investment market continued at the beginning of 2026

The recovery in the German real estate investment market continued in the first quarter of 2026, with an increase of 20 percent compared to the previous year. Office properties remained the asset class with the highest turnover, while market activity was mainly driven by domestic investors.

by CBRE

Markets Real Estate

Flächenumsatz Top-6 Büromärkte Q1 2026 (Bildquelle: Savills)

Quarterly Report

Savills examines top 6 office markets in Germany: Focus on quality reinforces market polarisation

Savills has examined the top 6 office markets in Germany in the 1st quarter of 2026. The results show a decline in take-up and rising prime rents. The development of the market is characterized by market polarization and increased demand for high-quality office space.

by Savills

Markets Real Estate

Quarterly Report

JLL: In logistics, prime rents are rising again in many regions

In the first quarter of 2026, prime rents for warehouse and production space rose in five of the 20 German regions monitored by JLL. The increase was particularly strong in Bremen at 15 percent, while in Munich top rents of eleven euros were reached for the first time.

by JLL

Markets Real Estate

Quelle: JLL

News

JLL: Situation beats mood – the investment market sends positive signals

The German real estate investment market shows a moderately positive picture in the first quarter of 2026 with a transaction volume of 8.9 billion euros. Despite rising financing costs and geopolitical risks, demand remains stable, especially in the area of individual transactions outside the seven major cities.

by JLL

Markets Markets Real Estate Real Estate

Quarterly Report

Colliers: Industry & Logistics shows a robust market environment with delayed deals

The German industrial and logistics real estate market started 2026 with a transaction volume of 1.1 billion euros, 3 percent less than in the previous year. Geopolitical conflicts and changed financing conditions are influencing market developments.

by Colliers

Markets Real Estate

Comment Weekly

The real buyer is credit

When sellers want to be close to prices, buyers need returns and lenders are looking for volume, liquidity arises – not from the market, but from leverage.

by Tobias Moroni | Institutional Investment Partners

Cases Real Estate

Quarterly Report

Moderate start to the year overall in Germany’s office markets, but significant increase in take-up in the top markets of Berlin and Munich

The German office markets experienced a moderate start in the first quarter of 2026, with take-up of 603,000 m² and a decline of 14% compared to the previous year. However, Berlin and Munich recorded significant sales growth of 42% and 25.5%, respectively.

by BNP Paribas Real Estate

Markets Real Estate

Transaktionsvolumen Hotel- und Beherbergungsimmobilien Q1-2026 (Bildquelle: Savills)

Quarterly Report

Savills examines the German investment market for hotel and accommodation properties in the first quarter of 2026: Hotel investments in demand despite challenges on the operator side

Savills has analysed the German investment market for hotel and accommodation properties in the first quarter of 2026. The transaction volume was just under EUR 163 million, which corresponds to a decline of 61% compared to the average of the last five years. Despite challenges, investor interest in the German market remains high.

by Savills

Markets Real Estate

Quarterly Report

Munich Investment Market: Increased turnover takes first place in the city ranking

The investment market in Munich recorded a 46% increase in transaction volume to €740 million in the first quarter of 2026. This growth puts Munich in first place in the city ranking of investment markets. Major deals in the central city centre locations made a significant contribution to this result.

by BNP Paribas Real Estate

Markets Real Estate

Bilquelle: Savills

Quarterly Report

Savills examines real estate investment market Munich: Increasing supply meets cautious investors

Savills reports that in Q1 2026, approximately EUR 400 million was traded in the Munich real estate investment market, a decrease of 4% compared to the previous year. Philipp Traumann comments that demand continues to be driven by private capital in the premium segment.

by Savills

Markets Real Estate

News

JLL: Geopolitics clouds the outlook for the office markets

In the first quarter of 2026, Germany's seven largest cities recorded a 17% decline in take-up compared to the same period last year. Despite the challenges, prime rents remain stable, especially in the premium locations of cities such as Munich and Berlin.

by JLL

Markets Real Estate

Quarterly Report

Strongest start to the year on the Frankfurt investment market since 2022

The Frankfurt investment market generated a transaction volume of €354 million in the first quarter of 2026, recording the highest Q1 volume since 2022. The increase was driven in particular by the sale of office properties and major transactions.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

Logistics investments remain below the previous year overall, individual deals and smaller volumes with high momentum

The logistics investment market will start 2026 with a volume of just under €1.2 billion, which corresponds to a decline of 11% compared to the previous year. Despite the decline, individual deals show high momentum, while portfolio sales declined.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

Savills: German office investment market faces acid test: More supply meets restrained capital

In Q1 2026, the German office investment market recorded a 22% year-on-year decline in transaction volume. Karsten Nemecek of Savills emphasizes that despite the increased real estate supply, purchases remain limited by selective capital.

by Savills

Markets Real Estate

Quarterly Report

Office investments slightly above previous year’s level and once again No. 1 among commercial asset classes

BNP Paribas Real Estate reports that the German office investment market made a strong start to the year in the first quarter of 2026 at €1.8 billion and is once again the leading commercial asset class. An increasing number of large-volume deals and a strong commitment from German investors characterize the events.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

Cologne investment market with a pleasing start to the year, retail prime yields down slightly since the end of the year

The Cologne investment market recorded a transaction volume of €256 million in the first quarter of 2026, which represents a significant increase compared to the previous year. Significant transactions and positive market signals point to a recovery in office investment.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

Investment market Hamburg: Weak Q1 result despite increasing market momentum

The Hamburg investment market started 2026 with a transaction volume of 306 million euros, which is below the previous year's level. Despite a growing pipeline and investor demand, the market has so far recorded only a few major deals, especially in the office sector.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

Savills examines real estate investment market Hamburg: Increasing activity in the core segment in a persistently challenging environment

According to Savills, about 620 million euros were turned over in the Hamburg real estate investment market in the first quarter of 2026, which corresponds to a decline of 8% compared to the same period last year. Prime yields for offices and commercial buildings remained unchanged at 4.2% and 4.3% respectively.

by Savills

Markets Real Estate

Quarterly Report

Savills examines real estate investment market in Cologne: Slow start, but growing supply momentum

In the 1st quarter of 2026, around EUR 180 million was turned over on the Cologne real estate investment market, which corresponds to a decline of 16% compared to the same period last year. Activity among potential sellers has increased, which could bring more properties to the market.

by Savills

Markets Real Estate

Quarterly Report

Investment market Hamburg: Weak Q1 result despite increasing market momentum

The Hamburg investment market generated a transaction volume of €306 million in the first quarter of 2026, which is 33% below the previous year's figure. Nevertheless, interest in investments is growing, especially in the office real estate industry.

by BNP Paribas Real Estate

Markets Real Estate

Quarterly Report

Colliers: Subdued start to the year – office market between uncertainty and focus on quality

In the first quarter of 2026, take-up of around 613,500 square metres was recorded in Germany's top 7 office markets, a decline of 14% compared to the previous year. The IT industry is proving to be the leading user group, while the mid-range segment in particular is under pressure.

by Colliers

Markets Real Estate