SINGLE DEALS STRONGER THAN EVER BEFORE
The Cologne investment market looks back on a very good first half of the year. With a transaction volume of a good €814 million, both the previous year's result was exceeded by around 16% and the long-term average by more than a third. Overall, the interim balance at the end of the second quarter was only better in 2017 (€961 million) and 2015 (€867 million), which is a clear indication of the attractiveness of the Cologne market given the uncertainties caused by the corona pandemic. It is also pleasing to note that the result was generated almost entirely by single deals, which accounted for almost 94% of transaction volume with sales of €763 million and even set a new record. Key contributors to this result included the mixed-use ensemble Friesenquartier, which was brokered by BNPPRE and covers around 25,000 m², the Mercedes-Benz Center in Müngersdorf and Mevissen-Haus on the edge of Cologne's Breite Straße pedestrian zone. Overall, the 30 deals tracked produced an average volume of just over €27 million per transaction.
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