Real Estate

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

Real Estate analysiss

Analysis Quarterly Report

Savills: German office investment market continues to make progress

In the 1st half of 2026, the German office investment market generated around EUR 2.3 billion (+10% year-on-year), according to Savills, but was 71% below the 10-year average. Prime yields mostly stable, Düsseldorf +10 bp, average approx. 4.4%. Market in discovery phase; Top 6 volume +74%, transactions +8%.

Analysis Quarterly Report

Savills examines the German investment market for healthcare real estate in the second quarter of 2026: Medical centres drive transaction activity

Savills analyzes Q2/2026 in the German healthcare real estate market. In the 1st half of the year, sales of more than 1.4 billion euros were made, strongly driven by medical centres. Prime nursing home yield rises to 5.3%, medical centres (4.7%) and assisted living (4.5%) remain stable; Annual volume could reach 2 billion euros.

Analysis Quarterly Report

JLL: Uncertainties and cost increases are slowing down demand for office space

JLL reports 1.35 million m² of take-up in the seven metropolises for H1 2026, around 5% below the previous year. Demand remains selective; Berlin and Munich revive, Frankfurt weak. Vacancy rate rises to 8.5%, completions are declining, prime rents are higher in some cases (Munich 62 €/m²).

Analysis Quarterly Report

Savills examines real estate investment market in Cologne: Significantly increased supply meets persistently selective demand

Savills reports around 200 million euros for Cologne in the 1st half of 2026 – 51% less than in the previous year and 74% below the 10-year average. In 12 months, 34 transactions were recorded; Prime yields for offices and commercial buildings remain unchanged at 4.4%.

Analysis Quarterly Report

Savills examines investment market for hotel and accommodation properties: Operator dynamics create opportunities through repositioning

In the 1st half of 2026, the transaction volume with hotel and accommodation properties was around EUR 572 million (−45% year-on-year), according to Savills; Q2 reached 360 million euros, classic hotels dominated with 469 million euros (82%), serviced apartments came to almost 100 million euros.

Analysis Quarterly Report

Savills examines real estate investment market in Düsseldorf: Still challenging environment, but better conditions for deals

According to Savills, around 824 million euros were invested in Düsseldorf in the 1st half of 2026 – 166% more than in the previous year, but 29% below the 10-year average. Prime office yield: 4.6%, commercial buildings: 4.4%. Despite the challenging environment, the chances of closing the deal are increasing and activity is likely to increase.

Analysis Quarterly Report

Logistics real estate investment market grows significantly in the first half of 2026

The German industrial and logistics investment market generated a volume of EUR 3.26 billion in the first half of 2026 (+24% compared to H1 2025). Large-volume transactions stimulated the market; the prime yield rose slightly to 4.5%. CBRE sees a continuation of the positive development with more core products.

Analysis Quarterly Report

Savills examines top 6 office markets: Uncertainty and cost pressure slow down users

Savills analyses the top 6 office markets: In the 1st half of 2026, take-up was 1.2 million m² (-6% YoY), prime rents rose by 1.6% QoQ, and the vacancy rate to 8.9% (+20 bp). Uncertainty and cost pressure are dampening demand; Quality remains in demand, the outlook remains restrained.

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