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The independent transaction advisory firm Lübke Kelber has brokered an attractive new construction project in Bergisch Gladbach for the Aachener Grundvermögen fund company, which specialises in real estate. The residential project, which is expected to be completed in 2025, comprises two apartment buildings with a total of 16 residential units as well as a semi-detached house in KfW-55-EE standard. The seller is a local property developer. The parties have agreed not to disclose the purchase price.

Everything is right with this property: top location, top tenant, top lease. Dr. Peters Group has acquired a fully leased and freshly modernized office building in the booming Rhine-Main area. Dr. Peters Group was advised by Lübke Kelber, a company specializing in real estate transactions.

The current episode with industry expert @Anna Schingen from @Sector7 Investors as well as our Head of Research @Mark Holz and @Thomas Kotyrba from @BNP Paribas REIM is therefore highly interesting for investors as well.

No long training processes, but learning on the jobWhen Marc Lietz started as an analyst at Lübke Kelber at the end of 2021, the signs on the residential real estate markets were pointing to growth: Corona seemed to have been overcome for the time being, and residential real estate had proven to be extremely resilient. A short time later, however, the wind changed in the markets - making his "training year" as an analyst a very unusual one. But was 2022 the best or the most difficult year to start a career in real estate?Marc Lietz discusses this question together with Lübke-Kelber Managing Director Steffen Schaack and Kai Gutacker in the latest episode of PB3C Talk. They also discuss why Lübke Kelber, unlike other market players, deliberately forgoes a classic trainee program - and how learning on the job and taking on responsibility can retain young talent in the long term.

Since the analysts at Bulwiengesa first divided the German real estate market into A, B, C and D cities in 1996, a very strong narrative has developed: A-cities with low yields and high levels of security due to the glaring housing shortage, and B- and C-cities with higher yields but less market liquidity. In the 2010s, these became the "overheated A-cities" and the "emerging B- and C-cities," often called "swarm cities," while D-cities were often considered too unsafe and illiquid. However, these still omnipresent narratives should be questioned now at the latest.

Udo Cordts-Sanzenbacher, Vice President Development & Sales, GROPYUS, as a guest of Mark Holz and Thomas Kotyrba.

 

The current situation in the residential real estate market is challenging. Not only are rental prices continuing to rise, especially in metropolitan areas, but energy and living costs are visibly elevated as a result of current macroeconomic conditions, pushing people to their financial limits. Accordingly, the creation of affordable housing is currently a key issue for the industry.

 

But that's not all: Increasing regulatory requirements and the ambitious goal of managing a climate-neutral building stock by 2050 at the latest also call for swift action - especially when it comes to refurbishing existing stock. After all, more than every second residential unit does not meet the current energy standard.

Leipzig, Darmstadt and Potsdam occupy the top three places in Lübke Kelber's 2023 Risk and Return Ranking. All of the top 7 cities have a top rating (A++) - the most attractive location is Frankfurt am Main in fourth place. Clear distinction between A and B locations only possible to a limited extent. Attractive investment opportunities, especially in second-tier cities. The purchase of a home is no longer worthwhile across the board due to current financing conditions.

Nils Hübener, Co-CEO of the Dr. Peters Group, as guest of Mark Holz and Thomas Kotyrba

Once the Christmas trade is over, retailers start planning for the new year. Thus, the real estate industry should also be busy with contemporary retail concepts and the challenges posed by online retail. That's why the opening episode of the six-part mini-podcast series "Monday Morning Mood - Coffee, Bagels, Real Estate" is all about retail - also as a factor in urbanity and vibrant city centres.

Tristan Capital acquires German residential real estate portfolio in Leipzig.

EPISO 6, a fund managed by Tristan Capital Partners, together with its joint venture partner Lübke Kelber, has acquired a residential portfolio in a number of attractive locations in Leipzig as part of a share deal. The value of the portfolio acquired from Brack Capital Properties amounts to 240 million euros. The residential units are fully let.

As our Head of Research, Mark Holz ensures that the buyers and sellers we support always receive authoritative market analyses that form a reliable basis for decision-making. But the real estate industry is not just about individual transactions; it’s also about the bigger picture. More specifically, offices, retail properties, flats and all other spaces that constitute the future of our cities.