International investors most active
€ 2.8 bn
turnover in 2019, a plus of 200 m euros compared to 2018
€ 1.3 bn
€ 204 m
Turnover on the commercial real estate market of the Ruhr Metropolis stood at 2.8 bn euros in 2019 and exceeded the investment volume of the previous year by 0.2 bn euros. The office asset category is clearly predominant, with a 1.8 bn euro turnover, followed by logistics and production with 551.01 m euros.
This places the Ruhr Metropolis ahead of the A location Stuttgart (2.14 bn euros). In many A cities the shortage of suitable investment products in central locations continued to make itself felt. In addition, investors are increasingly shifting their focus to B and C locations, which display a more attractive risk/return profile. The most popular asset category of the past investment year was office real estate, accounting for approximately 1.8 bn euros, around 64.0 % of the total volume.
The share of foreign capital fell slightly compared to the previous year. This in turn is explained by the lack of large-volume portfolio transactions. International buyers invested a total of around 1.06 billion euros, a share of 41.2 % in the total volume.
Amongst German investors, as in the previous year miscellaneous investors occupied first place, with a share of around 833 million euros or 32.4 %. Amongst the miscellaneous purchasers project developers were most active, with 173 m euros, followed by private investors with 88 m euros and national asset/fund managers/private equity with around 75 million euros. Real estate companies also achieved a relevant share, with 9 % or some 226 m euros. These were followed by specialist funds, which were responsible for an investment volume of some 8 %, or 204 m euros.