Pleasing start to the year
At the end of the first quarter, the Cologne investment market can report a positive interim balance: with a transaction volume of around €256 million, the very low result from the same period of the previous year was exceeded by a large margin (+195%). Even though the result in the first quarter is still based on comparatively few transactions and only serves as a first benchmark, there are some indications that speak for an overall positive market sentiment.
On the one hand, the strongest start to the year since 2022 was recorded. On the other hand, the cathedral city has also registered a respectable volume in a comparison of the A-cities. With the exception of Munich (€740 million), all top markets are in a relatively narrow range between just under €170 million and a good €420 million. The largest transaction in the Cologne market is an office property of around 30,000 m², which changed hands in the MediaPark for around €90 million.
In terms of prime yields, only retail high-street properties were unable to maintain their high price level at the beginning of the year (4.00%; +10 basis points). For office and logistics properties, on the other hand, the same values for top assets in the best locations are still to be applied at 4.40% and 4.50% respectively as at the end of 2025.