VERY STRONG START TO THE YEAR
With a take-up of 119,000 m², the Cologne market for storage and logistics space has had a brilliant start to the new year. It is by far the strongest first quarter in the history of the cathedral city. The ten-year average was exceeded by 143 % and the weak previous year's result of 22,000 m² was thus long exceeded. In the German ranking, Cologne was able to place itself behind Berlin (150,000 m²), Hamburg (129,000 m²) and Leipzig (128,000 m²), but still ahead of Frankfurt (116,000 m²). Two major deals in particular contributed to this very good result. WEG, a global manufacturer of electric motors, signed a lease for 40,000 m² in a property under construction in Kerpen, thus on the periphery of the market area. The wholesale company Lekkerland has also opted for Kerpen and, as an owner-occupier, has taken up approx. 27,000 m² as owner-occupier. This space is also currently under construction.
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