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Credit: Deutsche Investment

Deutsche Investment acquires Rödertalpark retail park

Deutsche Investment just acquired the Rödertalpark” retail warehouse park of around 15,560 sqm in Grossröhrsdorf (Saxony, Germany) for its latest separate asset pool, “Deutsche Investment – Food Retail I.”

Built in 1995, the property was thoroughly modernised and enlarged in 2012, and is almost fully occupied today. Anchor tenants include the multiples Kaufland (superstore), Aldi Nord (discount supermarket) and Hagebau (DIY). The retail spectrum is supplemented by regional tenants, covering the segments textiles and footwear, gastronomy and services. The very well-maintained property was acquired from Pemper Stoler Grundbesitz, a Berlin-based property company; the transfer of benefits and burdens already took place. The two parties agreed not to disclose the selling price.

Rödertalpark is the largest retail warehouse park in the region, the nearest towns being Pulsnitz, Radeberg and Bischofswerda. It lies in a conveniently accessed location next to the A4 motorway between Dresden and Bautzen. Shoppers have the use of 625 free car parking spots on the premises.

“We intentionally chose to include retail warehouse parks in rural areas on the periphery of major conurbations or middle-order centres among the group of targeted investment assets for our separate asset pool. What matters to us is that such locations should have far-reaching appeal within their regions,” said Susanne Klaussner, Managing Partner of DIR Deutsche Investment Retail GmbH whose specialised team handles the transaction, asset and property management for the separate asset pool.

“With a tenant mix that is resilient vis-à-vis the online competition, Rödertalpark has evolved into a very important location within the region because the high footfall at the
Page 2 of 3 anchor tenants’ demonstrates that it functions properly despite the pandemic-related closures of some chain retailers,” added Matthias Kreil, the Head of Transaction Management at DIR Deutsche Investment Retail GmbH.

The “Deutsche Investment – Food Retail I” special property fund was launched in February 2020, and focuses on grocery retail locations everywhere in Germany. In the very first year after launching the fund, over EUR 60 million worth of properties were acquired. At this time, exclusivity has been secured for additional properties in a total volume of c. EUR 65 million.

Deutsche Investment was legally advised on the transaction by the law firm BISSEL + PARTNER Rechtsanwälte PartGmbB while the technical due diligence investigation was conducted by Assmann Beraten + Planen GmbH and Deutsche Energie-Consult GmbH. Pemper, Stoler Grundbesitz were represented by lawyers Frank Vennemann and Dr. Markus Philipp from Leipzig. The transaction was brokered by the estate agency Wrangel Real Estate Consulting & Investment GmbH.