Take-up figures boosted by major contracts - significant year on year growth expected
A total of around 100,000 square metres of warehouse space were taken up within Cologne’s city Limits between January and the end of September 2017. Even at this point, the total turnover of the previous year has been surpassed by about 20 percent. Take-up may increase to around 130,000 square metres by the end of 2017, thus exceeding the average figures of the past five years by more than 60 percent. In the logistics region that includes the area surrounding Cologne, a total of around 220,000 square metres has been taken up so far. This figure includes properties occupied by their owners. It is likely that an overall result of 300,000 square metres will be achieved in the region by the end of the year, surpassing the previous year’s level by 50 percent. This growth is based on a number of major rental contracts as well as construction measures for owner occupation regarding units of more than 10,000 square metres. The biggest units were taken up by paper producers Papyrus Deutschland and IT service providers Computacenter, renting around 22,000 square metres each in Köln-Niehl and Kerpen respectively. The discount retail chain Centershop took up more than 13,000 square metres of warehouse space in Marsdorf and online retailers Clic-Trade took up around 10,700 square metres in Westhoven. The beverage delivery service company flaschenpost that specialises in the online business, concluded a contract for around 5,500 square metres in Ossendorf. The pharmaceutical distributors Sanacorp are building a new logistics centre for owner occupation on a 18,000 square metre plot in Hürth.