ACROSS | The European Retail Real Estate Magazine

Ticker

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.

Follow ACROSS

Download

fb-art 150

Share this article
Ticker

Warburg-HIH Invest acquires a portfolio of five local convenience centres

Warburg-HIH Invest has acquired a portfolio of five local convenience centres with a gross lettable area of around 43,000 sq m for its “Perspektive Einzelhandel: Fokus Nahversorgung” investment fund.

MICROSOFT AND M&S LAUNCH STRATEGIC PARTNERSHIP

Partnership will investigate and test the capabilities of technology and artificial intelligence in a retail environment.

LAGO shopping centre wins German Brand Award

The LAGO shopping centre, which is managed by Prelios Immobilien Management and is part of Union Investment’s open-ended property fund “UniImmo: Global”, took home the German Brand Award in the category “Trade, Retail and e-Commerce” once again in 2018.

Unibail-Rodamco-Westfield submits building application for new shopping center in Osnabrück, Germany

“Oskar” on Osnabrück Neumarkt is scheduled to open at the end of 2020. A total of around 130 million euros will be invested into the new building.

Ted Baker Appoints Cushman & Wakefield and COMFORT for German Store Expansion

Cushman & Wakefield and German leasing partner COMFORT have been appointed by Ted Baker to source new store locations for the British fashion brand as it expands its presence in Germany.

AFI Europe appoints Doron Klein as the CEO of its operations in Romania

AFI Europe Romania, a leading real estate development and investment company, present on the local market since 2005, is pleased to announce that Doron Klein will take over the leadership of the company, starting July.