STRONG START TO THE YEAR ON THE INVESTMENT MARKET
All in all, the Cologne investment market has made a very successful start to the investment year 2020, with a transaction volume of €464 million, exceeding the result of the same quarter of the previous year by a proud 40%. Also, this is the second-best start to the year ever after 2017. If we take the average of the last 10 years as a benchmark, the result is even clearer with increase of a good 53 % compared to the 10 year average. It is noticeable that the number of registered deals, at just under 15, remained roughly at the same level as in the same period last year. On the other hand, the average transaction volume per sale rose from € 25 million to a good €33 million, which is primarily attributable to several large-volume deals that had a significant impact on the first quarter of 2020. As in previous years, single deals accounted for the lion's share of revenues, while portfolios contributed only €18 million to the overall result. This suggests that the respective buyers have specifically focused on the cathedral city in the context of their investment criteria.
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