In 2019 the warehouse and logistics space market in the Rhine-Main region registered its lowest take-up result in recent years. Total take-up by tenants and owner-occupiers amounted to 478,000 sqm. In the period since 2011, annual results have exceeded at least 500,000 sqm and in three cases even 700,000 sqm. Last year’s result is also 20.6 % below the 10-year average (602,000 sqm). The decline was even greater compared to the previous year’s figure of 741,000 sqm — the third-best result of all time.
Frankfurt am Main, 27th January 2020 – In 2019 the Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei registered a total take-up of 573,800 sqm by tenants and owner-occupiers, according to the latest analysis by owner-managed real estate consultancy NAI apollo.
“Take-up on the office lettings market was almost a fifth above the ten-year average of around 485,000 sqm for the years 2009 to 2018, making 2019 the third-best year in the current cycle,” said Andreas Wende, managing director of NAI apollo.
Frankfurt am Main, 22 January 2020 – The investment market for residential portfolios in Germany achieved its second-highest annual result in 2019 after the record year of 2015, according to the latest report from owner-managed real estate consultancy NAI apollo. Owing to the much higher transaction volume in the second half of the year (€11.1bn compared to €8.1bn in the first six months), the total traded volume generated by the completion of 390 deals in 2019 amounted to €19.2bn. This was €0.6bn above the very good result for the previous year. The transaction volume in the past three months again exceeded the €5bn mark with €5.3bn, representing the second-strongest quarter of 2019.
Frankfurt am Main, 16 January 2020 – The mechanical engineering company Höfer & Bechtel GmbH has expanded its warehouse space in Industriestraße 6 in the Hessian town of Mainhausen by 654 sqm. NAI apollo provided support to Höfer & Bechtel during the leasing process. In 2018, NAI apollo had brokered the property to its current owner.
Frankfurt am Main, 14 January – Menicon GmbH, a Japanese contact lens manufacturer, is leasing around 3,500 square metres of warehouse and logistics space as well as 1,600 square metres of office space at Heinrich-Krumm-Straße 1-3 in Offenbach. The lessor of both spaces is a private investor. In future, Menicon will manage its entire European logistics operation from the new location. A 1,900 sqm expansion of the hall space is also being constructed on the property for the lessee. NAI apollo provided support to the both the lessee and the owner during the transaction.
Frankfurt am Main, 6 January 2020 – NAI apollo has brokered a business park in Neuss to Sirius Real Estate Ltd. Its Berlin-based subsidiary, Sirius Facilities GmbH, will manage this property in the future. The multi-tenant light industrial park located at Fuggerstraße 7-11 encompasses nearly 32,000 square metres of lettable area and is located in Neuss-Uedesheim, an established sub-market for users from the logistics sector and the manufacturing industry. The location benefits from its immediate proximity to all traffic and transport infrastructure. The purchase price for the property is close to €18 million. The seller is a regional family office, on whose behalf NAI apollo exclusively organised the sale.
Munich, 2 December 2019 – activeMind AG has leased 400 square metres of office space at Schwabinger Tor, in Leopoldstraße 182 in Munich. The space is part of an urban district that has been developed to accommodate new forms of living and working and is owned by the Jost Hurler Group. NAI apollo provided support during the leasing process. “We have been delighted with Schwabinger Tor and its progress ever since construction began, and are pleased that we have now become a small part of its success story by brokering these premises,” comments Steffen Hecht, Consultant at NAI apollo.
Frankfurt am Main, 19 November 2019 – NAI apollo has brokered around 2,400 square metres of warehouse space and 500 square metres of office space at Carl-Benz-Straße 3 in Altenstadt to TEKO Gesellschaft für Kältetechnik mbH. The seller of the space, situated in two buildings, is a private individual. By purchasing the facilities, the new owner is expanding its existing space in the immediate vicinity of the property. NAI apollo provided support to the both the buyer and the seller during the transaction.
Frankfurt am Main, 22nd October 2019 – An upturn on the market for warehouse and logistics space in the Rhine-Main area still failed to materialise in the third quarter of 2019, according to the latest analysis by owner-managed real estate consultancy NAI apollo. The market even recorded a slight decline following its already somewhat moderate performance in the first half of the year. In the first nine months, space take-up by tenants and owner-occupiers amounted to around 404,000 sqm. Of this, the third quarter accounted for 127,000 sqm compared to 138,000 sqm and 139,000 sqm in the two first quarters of the year.
Frankfurt am Main, 16th October 2019 – The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei experienced a temporary lull in the third quarter of 2019 following a strong first half, according to the latest report by owner-managed real estate consultancy NAI apollo. Space take-up by tenants and owner-occupiers amounted to 101,400 sqm during this period. “Expected deals, such as the rental of more than 25,000 sqm by the City of Frankfurt in CityWest, have yet to be finalised. Thus the recent quarterly result was about 14 % below the ten-year average for third quarters,” explained Andreas Wende, Managing Director of NAI apollo.
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