At a Glance Q4 2020

Investment market Cologne

Investmentmarkt Köln


The Cologne investment market closed 2020 with a transaction volume of just under €1.4 billion and thus had to record a decline of 57% year-on-year. Compared with the 10-year average, there is a deficit of 18%. Unlike in Berlin, Frankfurt or Düsseldorf, for example, the usual "year-end rally" did not occur in the cathedral city. Between October and December, only €345 million was invested in commercial real estate. On average over the last five years, the Q4 result was more than twice as high at €884 million. In summary, the weak performance can be attributed to three influencing factors: In addition to the burdens of the Corona epidemic, from which the Cologne investment market naturally could not escape, the result is particularly burdened by the glaring lack of supply in the central city locations. In total, only €619 million was transacted in core properties. In addition, the portfolio segment made a rather disappointing contribution of €261 million or 19%. In the two previous years, package sales still accounted for 28% of the result.

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