Defama buys two retail properties for €4.4 million in Cologne and near Dortmund

The retail park near Dortmund was built in 2008 and has 2,400 sq m of usable space with JYSK, NKD and Takko as tenants. The purchase agreement is still subject to a condition precedent. Direct neighbors include LIDL, Netto, REWE, Rossmann, TEDi, ABC Schuhe and other stores.

REWE only took over the store in Cologne in the summer of 2021 and completely modernized it. The property has a rental area of 1,270 sq m and is located in the middle of a densely populated residential area. 

Defama’s portfolio now comprises 49 locations with over 210,000 sq m, 95% of which is leased.