Frankfurt am Main, 1 April 2019 – The office letting market in Frankfurt, including Eschborn and Offenbach-Kaiserlei, has had a slow start to 2019. This is the result according to the owner-operated real estate consultancy company NAI apollo – a partner of the NAI apollo group. According to its figures, the office space take-up from letting and owner-occupiers in the first three months of 2019 is around 89,100 sqm. This is clearly below both the previous year’s value of 136,800 sqm and the five-year average of 112,200 sqm. Along with the decline in take-up, the number of deals has also fallen from 178 to 142. “The office market in Frankfurt seems to be taking a while to wake up in 2019. However, we are expecting some large deals to be completed throughout the course of the year. The moderate first quarter is therefore expected to be an exception,” says Andreas Wende, Managing Partner of NAI apollo, assessing the result.
With the decrease of space take-up, an increase in the importance of lease renewals after active market screening has been registered. Following this, the take-up could have been around 44,000 sqm higher, with the corresponding value from the previous year only equalling 4,000 sqm.
Frankfurt am Main/Mainz, 2nd April 2019 – TMT – Trading & Consulting GmbH has rented around 600 sqm of storage space in Gutenberg Park in Mainz-Hechtsheim. The mail order firm specialising in textiles is continuing its expansion by occupying the warehouse in Robert-Koch-Straße 50, with NAI apollo providing support in renting the premises. The lessor is Sirius Facilities GmbH.
Frankfurt am Main / Munich, 28 March 2019 – Prime Time Fitness has rented 1,050 sqm of space in Maximilianstraße 35. NAI apollo supported the fitness club in leasing its third studio premises in Munich within the scope of an exclusive mandate.
NAI apollo also advised Prime Time Fitness when leasing further premises at the Viktualienmarkt market in Munich around a year ago. The lessor of the new space in Maximilianstraße is Union Investment. With this high-quality site in a prime location, Prime Time Fitness underlines its premium positioning in the German fitness market.
Frankfurt am Main, 28 March 2019 – For the second time running, Heike Krone, Director Investment at NAI apollo, has achieved second place among the top 10 producers of NAI Global, the world’s largest network of owner-managed real estate consultancy companies. The list is ranked by the amount of realised gross commissions from one million US dollars upwards. A total of 57 top producers were honoured for the previous year.
“Heike Krone is a sure-fire success in the rankings. She has already achieved a top position for NAI apollo in the global competition on numerous occasions. This is a superb result and convincing proof of her excellent work,” explains Andreas Wende, Managing Partner of NAI apollo.
“I am delighted that I was able to claim second place for Germany. However, this recognition is not just for me, but for our entire team. It was a joint triumph,” comments Heike Krone. “The second place confirms the success of our entrepreneurial approach in consulting and also underlines the importance of the German market in our network.”
Yuval Rozenberg (42), Director Investment at NAI apollo, also took eleventh place in the top producer rankings, thereby leading the field of those chasing the top 10.
Frankfurt am Main, 22 February 2019 – A.I.F. Atlantic Integrated Freight, a global service provider in the freight handling sector, is leasing 500 sqm of office space including parking spaces in Prime Parc Raunheim in direct proximity to Frankfurt Airport. The lessor is Deka Immobilien. NAI apollo provided support to the lessee when renting the space.
Frankfurt am Main, 14 February 2019 – On behalf of the seller, NAI apollo has brokered a car dealership in Maintal with usable floor space of around 4,900 square metres and a plot of land spanning 11,000 square metres to a private individual. The parties have agreed not to disclose the purchase price. The property’s address is Honeywellstraße 1-3 / Otto-Hahn-Straße 1.
Frankfurt am Main, 12 February 2019 – The American manufacturer of personal protective equipment, Paulson International Ltd., has leased 600 sqm of warehouse space and an additional 220 sqm of office space in the Am Martinszehnten business park at Bad Homburger Kreuz. NAI apollo assisted the tenant in its search for suitable areas for expansion.
Frankfurt am Main, 11 February 2019 – Martin Höppler has been an authorised signatory at the NAI apollo group since the beginning of the year. Höppler has been at NAI apollo for around 18 years and is responsible for letting activities in the office segment in his current role as Associate Director Office Letting.
“Martin is an extremely loyal, reliable and valuable employee at NAI apollo. His tireless commitment to our customers has impressed all partners of our group. We are delighted that he is taking on the additional responsibility as an authorised signatory of the company and is continuing his career in the NAI family,” explains Andreas Wende, Managing Partner at NAI apollo.
Frankfurt am Main, 18 January 2019 – Christian Dörner took up the role of Director of Office Letting at NAI apollo on 15 January and now leads the company’s office and retail letting team. The 47-year-old previously worked for CBRE, where he was most recently responsible for supporting major national and international customers as Senior Director in the Advisory & Transaction Services Team. Dörner has been involved in real estate for 20 years. “In Christian Dörner, NAI apollo is gaining a real expert for our office and retail letting business segment. In an increasingly difficult environment from the point of view of both tenants and owners, he can call upon his extensive experience with national and international customers. Christian really strengthens our team and is a further competitive advantage for our company,” says Andreas Wende, Managing Partner of NAI apollo.
“Searching for and managing space is becoming ever more difficult for small and medium-sized enterprises. In tense markets and especially sought-after locations in particular, options are becoming increasingly limited. In turn, this can lead to problems in the development of companies. But we are available as a partner and consultant so that we can work together to achieve the best possible result,” comments Christian Dörner, new Director of Office Letting at NAI apollo.
Radomir Vasilijevic (43), who has been working in the Frankfurt office letting market for 20 years and was previously NAI apollo’s Director of Office Letting for seven years, is now taking on a new challenge with immediate effect as Partner and Director Investment at NAI apollo. “The investment business plays a decisive role in day-to-day consulting. After Radomir Vasilijevic and his team achieved numerous successes in the area of letting, we are now delighted that he will play an active role in driving forward investment consulting for professional and semi-professional investors. Rado possesses in-depth market knowledge, particularly in Frankfurt and the Rhine-Main region where he knows every property and every square metre of space,” says Wende. “NAI apollo is pursuing a clear growth strategy in multiple sectors in order to offer our customers the right service. I am looking forward to fully concentrating on the field of investment in the next step of my career. Real estate investments have become a crucial component of the portfolios of national and international investors,” comments Radomir Vasilijevic, Partner and Director Investment at NAI apollo, on his new role.
Frankfurt am Main, 16 January 2019 – Yesterday evening, the British House of Commons overwhelmingly rejected the Brexit deal that Prime Minister Theresa May had negotiated with the European Union. The British government is now faced with the challenge of finding a solution that minimises the economic damage to the United Kingdom should Brexit take place. The owner-operated real estate consultancy firm NAI apollo – a partner of the NAI apollo group – believes that this will cause enormous uncertainty for international investors and companies. “As no agreement with the EU seems to be in sight, the UK may leave the EU without a deal. As a result, numerous international companies from the financial sector in particular are now asking themselves whether they should leave London for continental Europe. Institutional investors are considering a regional redistribution of their investments. Frankfurt is one of the most attractive locations in this context with its proximity to the European Central Bank and the excellent infrastructure both clear arguments in favour of the city on the Main river,” explains Andreas Wende, Managing Partner of NAI apollo.
“The growing demand resulting from Brexit could even pose the challenge of the century for the Frankfurt office market,” comments Wende. After all, the available space is limited. According to the report on developments in the Frankfurt office rental market published by NAI apollo just a few days ago, only 743,000 square metres of empty office space is available on the market – the lowest level since 2001. As such, the vacancy rate is currently 6.5%. The reduction in space available at short notice in the central business district (CBD) is particularly noticeable. “Several submarkets in the CBD are even fully occupied. The vacancy rate in the banking district has fallen from 9.5% in 2015 to 2.6% today,” explains Dr Konrad Kanzler, Head of Research at the NAI apollo group.
