Goodwin Real Estate Industry partner Dr. Moritz Vettermann, Private Equity counsel Silvio McMiken, and research associate Florian Kolod wrote that after several turbulent years, the German real estate industry is showing the first signs of stabilization. The transaction volume increased by 14% to EUR 35.3 billion in 2024. Despite this positive development, deal activity in the German and European markets remains below the long-term average. Asset classes such as office or retail, which have recently formed the backbone of the German institutional real estate investment market, are not yet functioning again. Many of the large open-ended funds and asset managers are busy restructuring their portfolios. The project development business is faltering, and far too little is being built, especially in the residential sector. Despite this complex starting position, private equity companies are increasingly active in the market again. Read the Börsen-Zeitung article for more.