FCR buys 26, 000 sq m shopping center in Eisenach

The shopping center, which was built in 1994 on a site of over 44,000 sq m with a good 1,200 parking spaces, consists of two structures connected by a bridge. It is located to the north of the city center of the Wartburg city of Eisenach and has excellent transport links. 

The anchor tenants in the property are Marktkauf, one of Germany’s largest retail companies and part of the Edeka Group, and B1 Discount Baumarkt, which belongs to toom. toom is one of the leading providers in the German DIY sector and is part of the REWE Group. In total, the shopping center in Eisenach is home to over 40 stores occupied by brands such as Dänisches Bettenlager, Deichmann, Woolworth, TEDi, Ernsting’s family, and Apollo-Optik.

Falk Raudies, founder and CEO of FCR Immobilien AG: “I am very pleased that with the shopping center in Eisenach we can add another very solid property with a good, stable earnings structure to our existing portfolio. Of course, this also spurs us on for the next few weeks, during which we will continue to work through our acquisition pipeline.”