The run on industrial and logistics real estate continues. The German industrial and logistics real estate market experienced another strong year in 2018. This asset class is now the third strongest on the overall commercial investment market and has won over even the most steadfast critics. With a total investment volume of €6.8 bn, German industrial and logistics assets recorded an excellent result in 2018, securing second place in Europe behind the UK (around €8.7 bn). However, with the supply of new prime core assets quite limited, investors are turning towards alternative investment opportunities. Industrial assets attracted particularly strong demand in 2018, recording a share of around 42%, or €3 bn, in total investment volume. For the first time, high-volume light industrial portfolios accounted for two of the three largest transactions with volumes of over €500m. A first for the industrial and logistics market! Ongoing limited supply of logistics assets is likely to keep this trend strong throughout 2019 as well.