COMPARABLE VOLUME TO PREVIOUS YEAR
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With an investment volume of €1.16 billion, Cologne was able to almost confirm the previous year's result. Compared to the other major German investment locations, the cathedral city is comparatively stable with this result. The transaction volume is only about a quarter below the five-year average. This is the smallest deviation of all A-locations. The overall satisfactory investment volume was also made possible by two major transactions in the three-digit million range. They were both brought to a successful conclusion in the second half of the year and made a significant contribution to the stronger second half of the year. It is noteworthy that individual investments are almost exclusively responsible for the result.
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In a nationwide comparison, Cologne ranks fourth with €1.16 billion. Only Berlin (€3.25 billion), Munich (€2.56 billion) and Hamburg (€1.88 billion) recorded higher investment volumes. Neighboring Düsseldorf is in fifth place, just behind Cologne.
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Prime yields in the individual asset classes have developed differently. As in the previous year, 4.40% is still to be applied to office properties. The situation is different for premium retail high street buildings in prime locations, where prime yields have risen by 5 basis points to 3.90%. For logistics properties an increase of 25 basis points to 4.50% was recorded.