PROJECT DEVELOPMENT NEXT TO THE KADEWE
Berlin-Schöneberg
Area: approx. 6,300 m² GFA building potential
Type: Off-market asset deal
Closing: 01/2022
Our investment team combines the bundled expertise for the office, retail and logistics sectors. We advise you holistically from the location and potential analysis to the portfolio and individual valuation. Through many years of experience, competence and know-how, we offer optimal solutions along the entire value chain of your real estate.
Our analysts continuously monitor and analyse the development of markets, recognise trends and enable our advisors to develop strategies, identify promising markets and opportunities and communicate the optimal closing opportunities to our clients.
Berlin investment market: more than €8bn transaction volume in 2022
With a transaction volume of approx. €8.3bn in 2022, Berlin's investment market for commercial real estate is down approx. 22% on the previous year. The comparison with the average transaction volume of the last seven years of approx. €7.8 billion nevertheless shows that the Berlin investment market is an attractive investment location despite times of crisis.
While office properties remain the most popular and sought-after asset class with a share of approx. 50 %, prime yields have risen significantly across all asset classes and are quoted at 3.70 % for office properties, 4.00 % for logistics properties and 3.50 % for retail properties.
Significant investment deals
A significant contribution to the total transaction volume in 2022 was the sale of 50% of the shares in the Sony Center by the Norwegian State Fund. It amounted to approximately € 677 million.
In addition to the Sony Center, the Norwegian state fund invested €457 million in the "Voltaire", a new office building in Berlin Mitte with approx. 30,000 m² of usable space. Other drivers of the transaction volume were developments in Europa City, one of the most important development areas in Berlin, which also accounted for a total transaction volume of around €1 billion.
In addition to the Sony Center, the Norwegian state fund invested €457 million in the "Voltaire", a new office building in Berlin Mitte with approx. 30,000 m² of usable space. Other drivers of the transaction volume were developments in Europa City, one of the most important development areas in Berlin, which also accounted for a total transaction volume of around €1 billion.
AVILA CARRÉ
Berlin-Friedrichshain
Area: approx. 12,902 m² rental space
Type: Structured bidding procedure
Completion: 05/2022
EXISTING BUILDING IN NEUKÖLLN
Berlin-Neukölln
Area: approx. 15,164 m² rental space
Type: Off-market asset deal
Closing: 08/ 2022 & 02/ 2022
OFFICE BUILDING IN BERLIN-MITTE
Berlin-Mitte
approx. 4,477 m² rental space
Type: Off-market asset deal
Closing: 05/2022
DEVELOPMENT PLOT ON THE SHIPPING CANAL
Berlin-Neukölln
Area: approx. 7,200 m² site area
Type: Structured bidding procedure
Completion: 04/2022
LISTED RESIDENTIAL COMPLEX AT KAISERDAMM
Berlin-Westend
Area: approx. 7,237 m² rental space
Type: Structured bidding procedure
Completion: 03/2022
RESIDENTIAL COMPLEX IN THE FORWARD DEAL
Nauen
Area: approx. 8,731 m² rental space
Type: Structured bidding procedure
Completion: 12/2022
Successful year despite turbulent market environment
In total, Engel & Völkers Commercial Berlin recorded a transaction volume of approximately € 1.02 billion in 2022. After a turbulent year, the investment team of Engel & Völkers Commercial Berlin was able to record a transaction volume of more than € 522 million in the commercial asset class despite the Ukraine war, the energy crisis and the increased interest rates on borrowed capital. This is above the previous year's result despite the challenging market phase.
Off-Market segment remains core competence
In 2022, Engel & Völkers once again proved that its core competence lies in the off-market segment, which, with more than € 322 million (+13% compared to the previous year), represents a share of more than 62%; a further 33% was brokered via structured bidding procedures.
The total of 20 successfully marketed properties reflects the cross-asset class expertise of the investment team. These include core office deals (Chausseestraße), properties with development potential in central locations (Tauentzienstraße) and residential complexes.
The expertise of the investment team in the asset class "Residential" could be proven in various buy-side consultations. In close cooperation with the residential and commercial department, the investment team of Engel & Völkers Commercial Berlin has accompanied more than € 1.9 billion of transaction volume in the acquisition review.
Engel & Völkers Commercial Berlin realised 62 % of its transaction volume through off-market deals, which represents an increase of 13 % compared to the previous year. Off-market deals are an excellent sign of the close relationships with investors and other market participants, especially in these difficult market phases.
Many years of expertise and a strong network
Benefit from the many years of market experience of our investment experts in the areas of investment properties, office space leasing, retail, logistics sales and leasing.
The core investment team of Engel & Völkers Commercial Berlin consists of 17 employees divided into one team assistant, one working student, four analysts, one associate, six purchase consultants (Director & Senior Director), the Head of Industry Services, Head of Retail Services and Head of Investment as well as the Managing Director.
Our investment team also has extensive contacts to investors with strong liquidity or equity through our close networking with the residential and commercial property sector.
Our services at a glance:
- Location analyses
- Property analyses
- Professional support and handling of the purchase and sales processes
- Structured and audit-proof bidding procedures
- Project development
- Value optimisation
- Yield analyses
- Realistic market value assessments
- Individual advice
We will be happy to answer any questions you may have about your investment strategy.
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Engel & Völkers
Licence Partner Commercial Berlin
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Joachimsthaler Straße 110623 BerlinGermany
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Phone +49 30 203460Fax: +49 30 203461346
Opening hours:
Mon - Fri from 9 am to 6 pm
When it comes to marketing capital-intensive real estate and complex portfolios, Engel & Völkers Commercial offers you valuable strategic support in many respects. Our consultants know the local markets in detail and know how to correctly assess the investment climate. In addition, our worldwide network gives you access to a large number of private and institutional investors at home and abroad. We also offer prospective buyers a high degree of flexibility and transparency in all decisions on the fastest possible path to success.