ACROSS | The European Retail Real Estate Magazine


AEW acquires SIDEWALK portfolio in Germany from BMO Real Estate Partners Deutschland

Image: AEW

AEW announces that it has acquired a portfolio of 20 high street retail assets in Germany from BMO Real Estate Partners.

The assets, known collectively as the SIDEWALK portfolio, are to be held by a Spezialfonds and are located in prime retail locations of large and medium-sized cities as well as select retail parks across Germany, particularly concentrated in the states of Bavaria and Baden-Wurttemberg. The portfolio has a total lettable area of approx. 60,000 sq m.

Image: AEW

Image: AEW

Isabelle Rossignol, Head of the Retail Division at AEW Europe, commented: “The acquisition of this high profile retail portfolio demonstrates our ability to successfully identify and execute significant cross-border retail transactions, leveraging our expertise in this sector following the merger between CILOGER and AEW last year. We will continue to focus on growing our existing retail portfolio – €9 bn including institutional and private clients across Europe – maximizing the value of assets for the benefit of our institutional and private investors, while looking to further strengthen our position in the German market where we have an exciting pipeline of opportunities.”

AEW was advised by Greenberg Traurig and Duff & Phelps REAG GmbH. BMO Real Estate Partners Deutschland was advised by Jebens Mensching LLP. RALPH HAGEDORN – Estate of the Art, formerly CITYJUNG Essen, acted as broker.

The Spezialfonds, managed by HANSAINVEST Hanseatische Investment GmbH, was set-up on behalf of a pension fund from northern Germany in 2010.



fb-art 150

Share this article


Coming soon: EHI Omnichannel Days will be held in Cologne on June 20-21, 2017.


The academy’s curriculum has been re-designed with leading experts and practitioners in retail real estate, providing participants with a practical, real-life experience that will strengthen their skills.

Hammerson sows the seeds for Irish placemaking

In a first for Ireland, Hammerson welcomed celebrity gardener Diarmuid Gavin’s critically-acclaimed “Garden of Pure Imagination” at Dundrum Shopping Centre on May 23, 2017.

Empik in Galeria Libero

Empik is the largest and the most recognizable distribution chain of cultural goods, knowledge and entertainment. Its shop will occupy an area of 400 sq m in Galeria Libero which is being developed by Echo Investment.

NEINVER’s outlet brand FACTORY, recognised with the Superbrands Poland 2016/17 award

NEINVER, a Spanish company specialised in investment, development and management of property assets — the second-largest operator of outlet centres in Europe and the largest in Spain and Poland — has won the Superbrands Poland 2016/17 award for its FACTORY brand.

Mall of Switzerland with Innovative Indoor Surfing

When the new Mall of Switzerland opens in November 2017, young and old visitors alike will not only find the largest and most varied shopping facility in Central Switzerland, but also unique recreational, children’s and sports attractions.