New turnover record in the Ruhr Metropolis
3.5 bn euros
1.63 bn euros
423 m euros
Turnover in the commercial real estate investment market of the Ruhr Metropolis reached a new record level in 2017, at approximately 3.5 billion euros. This places the Ruhr Metropolis clearly ahead of the A locations Düsseldorf (2.4 billion euros), Cologne (2.15 billion euros) and Stuttgart (2.0 billion 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 retail real estate, accounting for around 1.22 billion euros, approximately 35.0 % of the total volume. The sale of the Forum City Mülheim to Commerz Real and the Rhein-Ruhr-Zentrum to a Morgan Stanley fund accounted for around 420 m euros on their own.
In office real estate a total of some 1.21 billion euros or 34.7 % was invested, followed by logistics and production real estate, at around 913 m euros, or 26.0 % of the investment volume.
"With 3.5 billion euros, turnover in the commercial real estate investment market of the Ruhr Metropolis reached a new record level in 2017."
Foreign capital dominated the investment market of the Ruhr Metropolis in 2017. International buyers invested a total of around 1.63 billion euros, a share of 46.7 % in the total volume. In second place, as in the preceding year, were miscellaneous investors, with a share of approximately 1.22 billion euros or 34.8 %.
Amongst the miscellaneous investors asset/fund managers and private equity were most active, with 435 m euros, followed by project developers with 205 m euros. Specialist funds also achieved a relevant share, with 12.1 % or some 423 m euros.