GPP Commercial Property Market Germany´s top7 cities 2017/Q1-4

LOKALE LOCAL EXPERTISE KOMPETENZ – ACROSS – DEUTSCHLANDWEIT
GERMANY
MARKET SURVEY INVESTMENT/OFFICE LETTING 2017/Q1-4
GLOSSARY
GERMAN PROPERTY PARTNERS
Across Germany
Services
TAKE-UP OF SPACE
Take-up of space is the total of all space let plus that sold to, or finished
by or for an owner-occupier during the period under review. The
operative date for inclusion in the statistic is the date on which the
lease or purchase agreement was signed. Lease renewals are not
counted as take-up. Areas are stated on the basis of the guide for calculating
the rental area in commercial leases (MF/G).
PREMIUM RENT
The premium rent relates to the top 3 % of the market for new lets
(not counting owner-occupiers) during the 12 months just ended and
is stated as the average of such rents.
AVERAGE RENT
The average rent is calculated by taking the individual rents agreed
in all leases signed over the past 12 months, weighting them by the
amount of space rented and computing the mean value. Figures refer
to nominal net rents ex services.
VACANCIES
Vacancies include all office space that is available to new tenants
within three months. Sub-let space is counted as vacancy.
SERVICES
GERMAN PROPERTY PARTNERS
Naturally enough, when doing real estate business in
Germany, you would like to work with a partner who can
provide you with expert professional support in all issues
relating to commercial property.
Our spectrum of services covers both real estate investments
and commercial letting. We are conversant with
all risk classes and types of property. For investors we
offer a Germany-wide service extending to the purchase
and sale of office, hotel, warehousing, logistics and retail
real estate, as well as apartment buildings, either as individual
properties or in portfolios. We are also ready to
support you with preparation for development projects.
TRANSACTION VOLUME
The transaction volume is the sum of the purchase prices of all commercial
property sold in Germany’s top 7 markets during the period
under review. The date of signing determines when a transaction is
included in the statistics. Buy to let investments in residential properties
are not included in the transaction volume.
ASSET CLASS
A property is allocated to an asset class according to the predominant
way in which space is used (at least 75%) when the contract is signed.
INDIVIDUAL PROPERTIES AND PORTFOLIO TRANSACTIONS
An individual property transaction means the purchase of a building
used for commercial purposes or of a piece of land for development.
Portfolio transactions involve the purchase of at least two separate
properties in different locations.
PRIME YIELDS
The prime yield is the initial return attainable on a property that
has been let on normal market terms (tenants with good credit
ratings), has top quality structure and fit-out and stands in one
of the very best locations. It is stated as the net initial yield in per
cent, i.e. the ratio between the annual rental income less nonapportionable
ancillary costs and the gross purchase price (net purchase
price plus land acquisition tax, notary’s fees and agency commission.)
Due to the banking background of two of our partners, we
are familiar with the workings of the financial industry. We
are also well placed to assist you in your search for office,
retail, industrial, warehousing and logistics premises, as
well as special uses, in the process bringing to bear our indepth
local knowledge and outstanding regional contacts.
In addition, we offer you corporate real estate management,
as well as research tailored to your specific
project. Further services in the fields of finance, fund
management, asset management and administration
mean that you can obtain everything needed from us
to secure the effective long-term advancement of your
project.
» Hamburg
» Berlin
» Düsseldorf
» Cologne | Bonn
» Frankfurt
» Stuttgart
» Munich
We draw your attention to the fact that all statements made here are non-binding. Most of the information is based on third-party reports. The sole intention of this
market survey is to provide general information for our clients.
Grossmann & Berger GmbH • Immobiliendienstleister • Bleichenbrücke 9 (Bleichenhof) • D-20354 Hamburg
Phone: +49 (0)40 / 350 80 2 - 0 • Fax: +49 (0)40 / 350 80 2 - 36 • info@grossmann-berger.de • www.grossmann-berger.de
Managing directors: Holger Michaelis, Andreas Rehberg, Lars Seidel, Axel Steinbrinker
Chairman of the Supervisory Board: Frank Brockmann • Entered in the commercial register: Hamburg B 25866
Supervisory authority: Borough Council Hamburg-Mitte, Department of Consumer Protection, Commerce and the Environment, Klosterwall 2, 20095 Hamburg
VAT identification number pursuant to Section 27a German Turnover Tax law: DE 118 556 939
ANTEON Immobilien GmbH & Co. KG • Ernst-Schneider-Platz 1 • D-40212 Düsseldorf
Phone: +49 (0)211 / 58 58 89 - 0 • Fax: +49 (0)211 / 58 58 89 - 88 • immobilien@anteon.de
Managing partners: Guido Nabben, Heiko Piekarski, Jens Reich, Dirk Schäfer, Marius Varro
Trading licence: a licence pursuant to Section 34 c of the German Industrial Code/GewO was granted with no restrictions by the Municipal Government of the State
Capital Düsseldorf, Department 32, Tel.: +49 (0)211 / 89 - 23 223. • ANTEON Immobilien GmbH & Co. KG • Registered office in Düsseldorf, entered in the Commercial
Register of Düsseldorf under HRA 19934 • General Partner ANTEON Verwaltungsgesellschaft mbH, registered office in Düsseldorf, entered in the Commercial
Register of Düsseldorf under HRB 58418
VAT identification number pursuant to Section 27a German Turnover Tax law: DE 259 465 200
Greif & Contzen Immobilien GmbH • Pferdmengesstrasse 42 • D-50968 Köln
Phone: +49 (0)221 / 93 77 93 - 0 • Fax: +49 (0)221 / 93 77 93 - 77 • gpp@greif-contzen.de
Managing directors: Mr Theodor J. Greif, Rainer Krauß
Amtsgericht (lower court) Registered in: Cologne, Company Register no. 11414
Supervisory authority: City of Cologne, Ordnungsamt, P.O. Box 103564, 50475 Köln
VAT identification number pursuant to Section 27a German Turnover Tax law: DE 123 055 006
» Real estate investments
» Commercial letting
» Corporate real estate management (CREM)
» Research
» Banking and financing services
» Equity financing of development projects
» Fund and asset management
» Real estate management
» Real estate valuation
» Agriculture and forestry real estate
blackolive advisors GmbH • Reuterweg 18 • D-60323 Frankfurt
Phone: +49 (0)69 / 907 44 87 - 0 • Fax +49 (0)69 / 907 44 87 - 10 • gpp@blackolive.de • www.blackolive.de
Managing directors: Oliver Schön, Rainer Hamacher
Trading licence: a licence pursuant to Section 34 c issued by the Ordnungsamt Frankfurt
Competent supervisory authority: Gewerbe- und Ordnungsamt Frankfurt, Kleyerstrasse 86, 60326 Frankfurt am Main
Commercial register and no. of entry: Registered in Frankfurt (Amtsgericht), HRB 93813
VAT identification number pursuant to Section 27a German Turnover Tax law: DE 283 390 909
ELLWANGER & GEIGER Real Estate GmbH • Börsenplatz 1 • D-70174 Stuttgart
Phone: +49 (0)711 / 2148-300 • Fax +49 (0)711 / 2148-290 • gewerbeimmobilien@ellwanger-geiger.de • www.ellwanger-geiger.de
Managing directors: Mario Caroli, Björn Holzwarth
Competent supervisory authority: Amt für öffentliche Ordnung, Gewerbe- und Gaststättenbehörde, Eberhardstraße 37, 70173 Stuttgart
Commercial register and no. of entry: Registered in Stuttgart (Amtsgericht) HRB 733293
Responsible under Section 55 par. 2 of the Interstate Broadcasting Agreement (RStV): Björn Holzwarth, managing director
VAT identification number pursuant to Section 27a German Turnover Tax law: DE 257 361 630
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