bulwiengesa Blog

Chart of the Month

August: Organic supermarkets boom in Corona crisis

The trend of consuming organic, vegan and sustainable products has intensified as a result of the Corona crisis. Organic supermarkets benefited particularly strongly from the lockdown last year. The sector was already well equipped thanks to massive expansion of floor space in previous years
Background
03.02.2020 Author/s: Björn Bordscheck

Scores for 400 Districts and 127 Cities

Together with Bayern LB, the state bank of Bavaria, we developed the Deutscher Immobilien Score (DISco). It records present and future strengths/weaknesses profiles of all German real estate markets in the segments office, residential and retail. So, if a small town like Miesbach suddenly outperforms a large Class B city, there are verifiable reasons for it
Background
06.01.2020 Author/s: Martin Steininger

The Impact of Demographics on the Real Estate Landscape

A growing number of elderly, a widening gap between affluence on the one hand and poverty on the other: Housing and living conditions in Germany are changing. The effects are felt not least in the real estate landscape. Together with Berlin Hyp, we compiled a compact market report on demographic trends
Residential
13.12.2019 Author/s: Florian Wenner

Twelve-Percent Price Hike for New-Build Condominiums in Frankfurt

The 11th survey on new-build condominiums in Frankfurt am Main diagnosed serious price hikes – and this in peripheral locations. The average price has gone up to 8,100 euros per square metre. New-build flats close to the town centre have become sheer luxury products
Residential
11.12.2019 Author/s: André Adami and Felix Embacher

Cause for Concern: Berlin’s Housing Market

“Should we bypass or (continue to) invest in Berlin?” We keep getting queries of this sort. So, we undertook several dedicated evaluations on the subject of the rent cap, and derived four main insights. Moreover, our “Residential Market Report” is out now, which presents all the important key ratios for Berlin and another 20 A- and B-Class cities
Logistics
06.12.2019 Author/s: Tobais Kassner

Logistics: Short Supply Despite Completions Record

As the year draws to a close, it is becoming clear that 2019 will be yet another banner year in logistics real estate completions. This is remarkable insofar as many important logistics locations show a massive shortfall in plots of land. Here is another finding of the latest “Logistics and Real Estate 2019” survey: Domestic companies are warming to this asset class in steadily growing numbers
Retail
07.11.2019 Author/s: Dr. Joseph Frechen

Lifestyle Fads Generate Tailwind in Food Retailing

The growth in the food retail trade continues unchecked. Even before the hype surrounding the Beyond-Meat burger set in, it became quite obvious: Retailers and operators engage in pinpoint quests for innovation in order to keep their consumers happy. For the 14th Retail Real Estate Report of Hahn Group, we analysed the latest developments in major retail sectors
Logistics
01.11.2019 Author/s: Tobias Kassner

Corporate Real Estate: Funds Embark Shopping Spree

As far as Unternehmensimmobilien go, the demand for investment-grade properties and for new rental units remains sky-high. But suitable assets are in short supply. As a result, investment and letting volumes have taken a nose dive. That is the upshot of the latest market report published by Initiative Unternehmensimmobilien. Just as interesting is that acquisitions by asset managers and fund managers were more than five times as high as the amount spent in 2018
Office
31.10.2019 Author/s: Alexander Fieback

Will Berlin as Office Location Be Left Behind? Far from It

Search and you shall find? Companies looking for new office accommodation—be it in order to up-size or down-size, be more centrally located or occupy newer quarters—have a hard time in Berlin these days. The market is swept clean, and prices are up. Many have decided to shelve their plans for the time being and to stay put. But despite the shortage of space and runaway prices, there is no reason to worry that this market may be falling behind
Background
25.10.2019 Author/s: Ellen Heinrich

Build to own

The trend is impossible to overlook: Fewer developments in Germany’s “Big Seven” cities are built to be re-sold—the “classic” approach—while more are destined for the proprietary portfolio upon completion instead. The companies pursuing this approach have sound reasons for doing so
Residential
14.09.2019 Author/s: Silvia Beck and Nicolas Gräßlin

The 27,000-Room Hotel

Our survey on hotel construction in Germany, which we compiled together with benchmark. REAL Estate, predicts tremendous growth: The roughly 27,000 hotel rooms that are expected to come on-stream in 2019 would suffice to accommodate the population of a mid-size city. Exciting to watch is a trend beyond classic hotel accommodation that is gaining ground even outside the major cities
Background
11.09.2019 Author/s: Sven Carstensen

Desperately Seeking Property Investment Opportunities

The fifth 5 % survey shows: Rates of return (IRR) took another nosedive in every asset class except shopping centres. Demand for German real estate remains as high as ever, even as uncertainty factors are stacking up. Investors accept the steadily declining returns
Retail
04.09.2019 Author/s: Ralf-Peter Koschny

Rent Cuts in the German Retail Trade – What’s the Story?

Many landlords and investors of retail properties lament that it has become virtually impossible to maintain the level of passing rents when negotiating or renewing lease agreements. Then again, landlords of shopping centres or commercial buildings in particular confirm that they do see upside potential in sound locations. Let us take a look at the various asset classes to see what is happening
Office
31.07.2019 Author/s: Alexander Fieback and Lina Wegener

Coworking in Berlin: Just a Hype?

Take trendy quarter or prestigious town core: At the moment, coworking spaces—or better put: “flexible workspaces”—are springing up everywhere in Berlin. The phenomenon is largely driven by the rapidly expanded start-up scene, but not exclusively so. In the market report for Berliner Sparkasse, we asked the question: Will this remain just a hype?
Residential
26.06.2019 Author/s: Felix Embacher

Student Housing: Looking for Fresh Concepts

In the “2019 Student Housing” market survey that we compiled for Union Investment, we mapped the potential of 65 cities including four European metropolises. Few people could have expected Münster to emerge as the top performer. This goes to show that a pure Class A strategy falls short of the mark. What is principally lacking are options in the mid-price segment
Logistics
26.06.2019 Author/s: Tobias Kassner

German Unternehmensimmobilien Shed their Reputation as an Exotic Species

On the Anglo-Saxon real estate markets, light industrial properties are nothing exotic but have been established as popular investment objectives for a long time. Unternehmensimmobilien, their German equivalent, have now caught up to them
Background
21.06.2019 Author/s: Björn Bordscheck

Off the Beaten Track

Transport links and accessibility are essential, or perhaps even the most essential, location criteria to be considered when deciding for or against a given site. They also have massive financial ramifications for a given property. And this is true for virtually all types of use
Background Residential
15.06.2019 Author/s: André Adami and Antonia Wecke

Happy Holidays at the Baltic Seaside

The market for holiday properties has seen upward growth, as the Baltic seaside is highly attractive for many potential buyers. On behalf of PRIMUS Immobilien, we put together a comprehensive portrait of the Baltic seaboard in Mecklenburg-West Pomerania and outlined the investment potential. All holiday trends suggest that the market opportunities will stay as auspicious as they are
Residential
13.06.2019 Author/s: Felix Embacher and Robin Cunningham

What Will Tomorrow’s Residential Climate be Like?

In collaboration with our client BPD, we analysed the situation on Germany’s housing market. The findings for 11,000 communities are represented in an interactive housing weather map. It shows clearly: The map covers the whole spectrum from “hot” to “cold” – and some locations will surprise you
Background
10.05.2019 Author/s: Felix Schrader

Real Estate Economies in France and Spain Quickest to Recover

The Euro Score of the Deutsche Hypo REECOX index brightened noticeably in Q1 2019. The upward trend is manifest in all six of the countries studied. Indeed, market evidence suggests that the trends were virtually analogous even in the past, and shows how close the ties among European countries are
Residential
08.05.2019 Author/s: Christina Kraus and Felix Embacher

Dare to Invest in Class C Cities

No matter how low yield rates for flats in Class A cities drop, investors keep being attracted to conurbations. Opting for B- and C-class cities instead seems to be the obvious choice. Objectively speaking, that is. Yet our latest survey for the d.i.i. Group checks whether these cities represent sensible alternatives in terms of their risk-return ratio and, if so, which ones would be best