Cologne housing cooperative buys Cologneo III: strong sign for Mülheim!

Cologne housing cooperative buys Cologneo III: strong sign for Mülheim!

In Cologne something happens: The Cologne housing cooperative eG has drawn a large project ashore. On July 7, 2025, she acquired a plot of Adler Group in the Mülheim district, which is almost inviting at around 7,270 square meters. The area, located on Deutz-Mülheimer Strasse, is not only a lucrative investment, but also part of a comprehensive development plan to redesign the infrastructure there. The new residential area "Cologneo III" will be built here in the near future.

The Cologne housing cooperative plans to build a total of around 300 apartments. A significant proportion of apartments are promoted by public funds, which sets a strong sign for the ongoing use for affordable living space in the cathedral city. The aim is to address a broad target group and offer both freely financed and subsidized apartments. Christoph Moossen, the CEO of the KWG, emphasizes the importance of this new building project, which is considered the new milestone in the development of a dynamic district.

Living on the water and strengthening the local economy

The location of the property could hardly be better: directly on the Rhine and with an excellent connection to the Cologne city center, the residential area will surely become a new attraction. The local economy will also benefit from the development of the neighborhood. Experts already analyze that the new housing estate could increase the demand for local services and create new jobs. This makes it clear that not only is it being built here, but also the economic dynamics of the Mülheim district.

The former industrial area, in which Deutz AG once produced engines, is transformed into a modern, living living space with this initiative. Such developments do not fall from heaven, but require a supportive dialogue between investors and municipal politics, which is not always easy in Cologne. The challenges in the city administration are diverse, as the difficulties in the implementation of independent projects show.

neighborhood development as part of a larger vision

The developments in Mülheim are part of a larger framework. Civil society initiatives are becoming increasingly important in order not only to shape pointed projects, but also entire city quarters. Groups such as wise or the change of conversions are actively committed to ensuring that the transformation is pushed forward in their quarters. These movements are strongly based on the principles of the Leipzig Charter and invite you to a common good -oriented, cooperative and transforming urban development.

Overall, it can be seen that the decision of the Cologne housing cooperative eG for the "Cologneo III" is not just a good business, but is also an important step in the right direction for Cologne. The combination of funding and freely financed living space could serve as a model for future urban projects and increase the chances of sustainable urban development. Those responsible have proven a really good hand.