The Leipzig investment market can boast a strong quarterly result at the start of 2026. The investment volume in the first three months of the year amounted to € 209 million. This means that the full-year result for 2025 (€204 million) was already exceeded at the end of March and the average of the past ten first quarters of the year was exceeded by 11%. The latest result is the best since 2021 and the fourth highest in the past decade. This is the result of the analysis by BNP Paribas Real Estate.
In contrast to the previous year, another transaction in the three-digit million range has now been registered. Successfully supported by BNPPRE, Unibail-Rodamco-Westfield (URW) has sold 90.9% of the Höfe am Brühl shopping centre to the Czech investor Investika Real Estate Fund. In addition, the closing momentum in the small and medium-sized segment increased slightly.
"The framework conditions for Leipzig's investment market remain challenging. As in the other major German investment locations, the weak economic development and geopolitical uncertainties are having a dampening effect on the market overall. As a result, net prime yields have risen slightly in some places over the past 12 months. Commercial buildings are up 20 basis points to 5.00% and logistics properties are up 25 basis points to 4.70%. For premium office properties, it remains unchanged at 5.30%," says Stefan Sachse, Managing Director of BNP Paribas Real Estate GmbH and Leipzig branch manager.
Retail transactions dominate the market at the beginning of the year
At the beginning of the year, retail transactions dominated the Leipzig investment market, which was mainly due to the acquisition of the majority stake in the Höfe am Brühl shopping centre, with investments also being made in the specialist store format. The retail market share is a high 79.5%. A further 20.5% is accounted for by the other collective category, which includes development properties and nursing homes. To date, no deals have been reported for the office, logistics and hotel asset classes, although various transactions, including larger ones, are also being initiated or negotiated in these segments.
