In the first half of 2026, the international investment boutique Manova Partners generated a transaction volume of almost EUR 300 million – of which around two-thirds were acquisitions and one-third sales. The acquisitions include two logistics properties in Nashville (Tennessee, USA) and Modena (Italy) as well as two office properties in Salt Lake City (Utah, USA) and Dublin (Ireland).
Florian Winkle, Co-CEO, comments: "We are in the fortunate position of being able to build on a network of long-standing partners, some of whom are deliberately investing countercyclically and thus remain able to act, especially in the current challenging market environment. Both sales were core properties where we were able to achieve extremely pleasing results for our investors with IRR's of over 7.5% over a 14-year holding period and over 10% over an 8-year holding period. Our aim is to continue to create high-yield and sustainable portfolios through ongoing purchases and sales."
Laetitia Treves, Head of Transactions Europe, highlights the opportunities that the market currently offers: "We continue to believe in the office asset class. Significant mispricing in parts of the market opens up exciting opportunities." At the same time, she urges selectivity: "It is crucial to find the right opportunities – those in which location, quality and concept fit together. This is exactly what we are consistently gearing our acquisitions towards."
Commenting on logistics investments, Treves adds: "When it comes to logistics, we deliberately focus on strategically well-located properties along important transport axes and in the vicinity of growing sales markets. The polarization of the market is also increasing in this segment, so that the careful selection of individual assets is becoming increasingly crucial."
Florian Winkle adds: "As a global firm with offices in Europe, North and Latin America and Australia, we keep an eye on the risk-return profile across various regions and sectors and can thus tailor deals that we are really convinced of with our clients' strategies. In the second half of the year, we expect to be active on both the buyer and seller side in several ways."
