ABOVE THE €1.5 BILLION MARK FOR THE SECOND TIME
After the first three quarters, the Cologne investment market is in excellent shape and, at a good €1.5 billion, the investment volume only narrowly missed the record set in 2017 (€1.6 billion). Accordingly, the result is well above the previous year's result (+50%), which was clearly outperformed, just like the long-term average (+40%). Looking only at single deals, the Rhine metropolis even achieved a new record with over €1.4 billion and a share of 96% of the total volume. Another factor in favour of the market is that the excellent result is due to both a large number of transactions (over 50 deals) and a high average volume per sale of around €30 million. Thus, the cathedral city even managed to leave the state capital Düsseldorf (€1.4 billion) behind in the first three quarters. The largest investments include the mixed-use ensemble Friesenquartier in Cologne's city centre, which changed hands in the second quarter and covers around 25,000 m².