Office market: SWIP forecasts increasing demand
A projection of a study done by British asset managers Scottish Widow Investment Partnership (SWIP): Demand for German properties will increase further in the future. In the coming five years, Hamburg in particular shall develop into a leading location for office properties. SWIP expects a yield of 9% for the Hanseatic city. High growth rates are also predicted for Cologne and the traditionally strong office locations of Frankfurt, Berlin, Munich, and Düsseldorf. Economic recovery and growing trust in the German market account for these good predictions, said Robert Matthews, head of international property at SWIP.