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“Unternehmensimmobilien”: An Asset Class of High Potential

In: Understanding German Real Estate Markets

Author

Listed:
  • Stephan Bone-Winkel

    (BEOS AG/IREBS—University of Regensburg)

Abstract

They provide companies of any type and sector with flexible floor plate for doing business, be it for administrative, storage, manufacturing or service purposes: “Unternehmensimmobilien”. This German term refers to a comparatively young asset class of multi-use and multi-let commercial real estate that a growing number of institutional investors now consider eligible for their portfolios. Reasons underlying the increased interest include enhanced market transparency and comparatively high and stable yields. Having outlined the typology of Unternehmensimmobilien, the essay moves on to discuss latest market trends for this asset class and associated asset management requirements.

Suggested Citation

  • Stephan Bone-Winkel, 2017. "“Unternehmensimmobilien”: An Asset Class of High Potential," Management for Professionals, in: Tobias Just & Wolfgang Maennig (ed.), Understanding German Real Estate Markets, edition 2, pages 423-437, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-319-32031-1_27
    DOI: 10.1007/978-3-319-32031-1_27
    as

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