Germany: Industrial & Logistics Market Report 2020

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Fueled by ongoing high demand on the German commercial real estate investment market and the low interest rate environment, industrial and logistics assets continued to perform very well in 2019, once again ranking as the third strongest asset class in Germany after office and retail. Investors poured a total of €6.6bn into German industrial and logistics assets over the course year. Although this marks a yoy decrease, the drop can be contributed to the current scarcity of product. Foreign investors again showed their enthusiasm for German logistics assets, generating roughly 60% of annual transaction volume. The largest logistics deal of the year, the Maximus portfolio, involved a foreign investor. Singapore’s sovereign wealth fund (GIC) acquired the 28-asset pan-European portfolio at the end of the year. German investors continued to target their investment at light industrial properties in 2019, with the asset class accounting for about one third of their total transaction volume.

I&L market report 2020

Germany: Industrial & Logistics Market Report 2020

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Related Experts
Peter Kunz | Colliers International | Frankfurt

Peter Kunz

Head of Industrial & Logistics | EMEA


In 2002, I began my career as a consultant in the field of office letting and was responsible for clients with a space requirement of up to 500 sqm. I was able to considerable exceed the targeted sales performance in the first years in this position and gradually was put in charge of larger projects and customers with more complex needs. As a result of the high vacancy and low absorption of space, I developed a new approach together with my team. The idea was to involve the respective lessors of our clients in the process and not just pursue relocation as the only alternative in the traditional sense of a real estate agent. In doing so, the current lessor had the chance to equally participate and compete with the other alternatives in the selection process. Many times, this allowed the tenants to optimize their lease agreement without the need of relocation. Over the years, with over 100 signed lease contracts and lease prolongations, I was able to gain a lot of market insight and experience, which I benefit from today in the acquisition process and when guiding my team through complex challenges.

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Susanne Kiese | Colliers International | Duesseldorf

Susanne Kiese

Head of Research | Germany


Susanne joined Colliers International Holding GmbH in February 2016 as Head of Research Germany. Before, she worked as a Senior Research Analyst for Hypothekenbank Frankfurt / Eurohypo, a specialist bank for real estate and public finance for almost 12 years. Susanne was also Research Analyst with Deutsche Gesellschaft für Offene Immobilienfonds (DEGI) GmbH, the property related investment company of Allianz Dresdner Property Group (now part of Aberdeen). 

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Nicole Kinne | Colliers International | Holding Munich

Nicole Kinne

Senior Consultant | Research | Industrial & Logistics

Holding Munich

Nicole joined Colliers International in January 2016 after working as a Research and Relationship Manager at RLI Investors  (former  Realogis Real Estate GmbH) in Munich.

She is responsible for monitoring and analyzing the german industrial & logistics real estate market and supports our industrial & logistics letting and investment brokers with detailed market information. Besides this she compiles market reports and additional location and market analysis.  

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