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

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

Deutsche Fachmarkt AG (Defama) has purchased two properties in North Rhine-Westphalia: a retail park near Dortmund and a REWE store in Cologne-Rondorf.

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.

ACROSS ACADEMY: Executive Education for Retail & Retail Real Estate

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. 

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