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Cologne's new living world: Cooperative buys land for Cologneo III!
Cologne: Cologne housing cooperative takes over property “Cologneo III” in Mülheim to create new living spaces.
Cologne's new living world: Cooperative buys land for Cologneo III!
Today, July 8, 2025, a breath of fresh air is coming to Cologne's real estate landscape. The Cologne housing association has just taken over the “Cologneo III” property from the Adler Group, which is located on Deutz-Mülheimer Straße in the Mülheim district. The area has an impressive area of around 7,300 square meters and is being developed as part of a comprehensive urban development project. The plan includes both subsidized and privately financed apartments, which should lay the foundation for a lively, mixed-use district. immobilienmanager.de reports that JLL acted as an advisor and broker in this transaction, which indicates a good hand in marketing.
The latest developments in Mülheim are the beginning of a long-term transformation process that will contribute to the upgrading and revitalization of the district. The aim is not only to create living space, but also to integrate work and outdoor spaces that meet the needs of future residents. Mülheim has become increasingly important in recent years and is now being further upgraded.
Where is the living space?
A look at the current availability of properties in Cologne shows that the housing market is tense. There is currently no living space available in districts such as Altstadt-Süd, Chorweiler or Deutz. This trend is sweeping across many neighborhoods, making the approval and development of new projects even more important. Die Kölner has listed that there is currently no offer in practically all of the districts listed. This highlights the urgency of driving forward the creation of new living space.
The upcoming developments in Mülheim could not only contribute to improving the housing situation, but also serve as a model for future projects throughout the city. In particular, the combination of subsidized and freely financed housing could help to satisfy different needs.
Funding programs at a glance
But what about financial support? The BMWSB's new funding programs will start from February 20, 2024, which will particularly promote climate-friendly new buildings and age-appropriate renovations. There are attractive interest rates of 2.1% for new buildings, while cooperative housing offers loans of up to 100,000 euros. This shows how important it is not only to promote housing construction, but also to make it sustainable. wohnportal-koeln-bonn.de highlights that over 47,000 climate-friendly apartments have already been funded in 2023.
With these initiatives, the city of Cologne has the opportunity to take a step into the future and meet the challenges on the housing market. The development of “Cologneo III” at the Mülheim location is an important building block in this process, which not only benefits the city, but also its future residents.