Real Estate

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

Real Estate analysiss

Ilva Diaco, Conducting Officer Portfolio Management, Marketing & Distribution bei INTREAL Luxembourg
Analysis Comment

Market commentary: European real estate AIFs continue to grow in 2025 despite significant outflows

European real estate AIFs recorded a growth in net fund assets of 1.4 percent in 2025 despite significant net outflows. The number of funds also increased. Geopolitical tensions and inflation concerns shaped the market environment in the first quarter of 2026.

Ann Skrollan Persicke, Team Lead Office Letting Wiesbaden, Mainz & Darmstadt bei Colliers. Foto: Colliers
Analysis Quarterly Report

Demand returns: Darmstadt’s office market with tailwind in 2025

In 2025, the office letting market in Darmstadt recorded a positive development with take-up of 42,700 square metres, which corresponds to an increase of 33 per cent compared to the previous year. The vacancy rate fell significantly to 6.9 percent, while rents remained stable, but underwent a slight downward correction.

Analysis

Berlin: Aengevelt sees Berlin office market at a turning point.

The "Aengevelt City Report Berlin No. 36 2026/2027" entitled 'Things are looking up again' analyses the real estate segments in Berlin. The areas studied include the land, office, retail, industrial and logistics and residential real estate markets.

Analysis Survey

Property management is becoming more complex and its remuneration more differentiated

The German Real Estate Association IVD and the Federal Association of Real Estate Managers BVI have published a study on the complexity and remuneration structure of real estate management companies. The study shows rising basic rates and an increase in supplementary remuneration. 85 percent of the managers are working at full capacity, but are planning growth.

Analysis

Hamburg’s logistics market with above-average earnings, significant increase compared to the second half of 2025

The Hamburg logistics market achieved take-up of 126,000 m² in the first quarter of 2026, which corresponds to an increase of 16% above the ten-year average. A major deal in the e-commerce segment made a significant contribution to this. Rents also rose, with prime rents climbing by 3.5% to €8.80/m².

Andreas Trumpp, Leiter Market Intelligence & Foresight bei PTXRE
Analysis Forecast Whitepaper

Housing market in Germany in transition phase: Structural shortage hits changed investor environment

PTXRE has published a white paper that examines the structural change in the German housing market. An increasing demand for flexible and age-appropriate living concepts is identified, while supply continues to lag behind. The focus is now more on investment income than on value appreciation.

Emma Steele, Director, Global Cross Border Investment at Savills
Analysis Comment

French SCPIs move East and North

French SCPIs are stepping up their activities in Central and Eastern Europe and showing interest in the Nordic markets. They are increasing their investments in existing core markets such as the United Kingdom and Spain. In 2025, positive returns were achieved, which led to increased investor interest.

Foto von IKECHUKWU JULIUS UGWU auf Unsplash
Analysis Discussion

East German B and C locations are moving into the focus of investors

Real estate markets in East German B and C cities such as Magdeburg, Erfurt and Chemnitz are stabilising with solid fundamentals and attractive yields. Despite structural challenges and demographic change, the market offers opportunities for selective investment strategies.

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