Corporate Real Estate

The real estate type of light industrial properties holds an important status in the real estate market of the Ruhr metropolitan area based on its large potential in terms of floorspace from existing industrial properties to which new
buildings are added according to need. The completion volume in the first halfyear so far has been very modest, which is due to different factors: Besides the lack of suitable plot sizes and the competition with other types of use, the risen construction and financing costs as well as the economic uncertainty currently also play a role. However, it was also decisive that many construction projects relate to developments in existing properties, which are not counted in the numbers of new buildings.

Rents continue to show a slight upward trend. Similar as with logistics properties, it allows for a positive outlook into the future. The clear advantage of light industrial properties compared to the other segments is the high reversibility of use, which can cater to the most diverse requirements of users. However, the yield compression of recent years also found an early end in this segment due to higher financing costs and cyclical uncertainties. The increases compared to the values at the end of the year 2021 are between 10 and 20 base points, which is about at the same level as in the A-rated locations