Investment Market Q2 2025

Investment volumes reached €394 million in Q2, bringing total turnover for the first half of the year to €940 million - confirming stronger volumes for the first six months compared to H1 2024, albeit with a clear slowdown in activity during the last quarter.

Larger transactions dominated, with the top 10 deals accounting for 93% of total spend. Offices made a notable return to the fold as the highest-performing asset class, while retail continued to show resilience, accounting for a significant share of activity in both value and deal count.

With pricing expectations adjusting and investor focus sharpening, we expect a more selective but active second half of the year.