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German Commercial Property Transactions Fall 72% During First Quarter

Only €2.6 Billion of Property Changed Hands in Country's Biggest Seven Cities
Munich held up relatively well thanks to the €530 million sale of the PEP shopping centre. (ECE)
Munich held up relatively well thanks to the €530 million sale of the PEP shopping centre. (ECE)

The volume of commercial property transactions in Germany's seven biggest cities came in at €2.6 billion during the first quarter, a 72% fall compared with the same period a year earlier, according to broker association GPP.

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News | German Commercial Property Transactions Fall 72% During First Quarter