Munich: Investment volume climbs 6 %
The transaction volume of commercial properties traded in Munich increased by 6 % last year to €6.5bn, Colliers International reports. Particularly a strong 4th quarter, which alone saw property sales worth €2bn, contributed to the good result, the market report explains. The largest deals of Q4, according to Colliers, were the “Oskar” in the city center (about €390mn) and the “Atrium” in Moosach (about €180mn). The top yield for office property in Munich dipped again, reportedly coming in at 3.00 % at the end of the year, which is 20 basis points lower than last year’s level. Yields continued to decline for other asset classes as well. The brokerage firm expects the upward trend in Munich to continue: More large-volume transactions are anticipated for Q1, as well as for the rest of the year.
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