Ticker

GRR Group Expands Acquisitions of Retail Properties / Andreas Freier Joins as New Head of Transaction Management

Andreas Freier is the new head of transaction management for the GRR Group in Nuremberg since March 1, 2017.

Andreas Freier is the new head of transaction management for the GRR Group. Image: GRR Group
Andreas Freier, Head of transaction management for the GRR Group. Image: GRR Group

As an expert on real estate transactions, he joins from Nordcapital GmbH in Hamburg. Since 2008 he held a variety of management positions with the Nordcapital Group and was responsible for the sectors Real Estate, Private Equity and Renewable Energy – most recently as Managing Director of the Nordcapital Externe Fondsmanagement GmbH and Nordcapital Alternative Assets.

„With Andreas Freier we are gaining a distinguished expert for real estate transactions“, explains Susanne Klaußner, CEO of the GRR Group. „With his longstanding experience and expertise in transaction management, we shall be able to further accelerate our growth. In the retail properties sector we shall intensively pursue further acquisitions. Our GRR German Retail Fund No. 1 is almost completely invested at 300 Mio. Euro, our GRR German Retail Fund No. 2 is continually growing and a third fund is currently being marketed. We are moreover constantly expanding our own real estate portfolio“.

Mr. Freier with his 6 member team shall be responsible for all property acquisitions and divestitures of the GRR Group. Such activities relate to retail properties which the GRR Group acquires and develops for its funds and its own real estate portfolio.

Acquisition focus is on retail centers, local supply centers as well as small scale retail properties and portfolios which have long term leases with creditworthy retail chains from the German retail food trade as anchor tenants.

The investment spectrum lies between 2 and 40 Mio. Euro. Long term leasing, development and value enhancement targets for each respective property are pursued. The GRR Group focuses on value appreciation for each property by means of space expansion and refurbishment.

Andreas Freier has many years of expertise in transaction and asset management. After completing a banking apprenticeship and his business management studies, he began his career at the DAI, later RREEF (Deutsche Bank Group). Thereafter he worked for the Vereins- und Westbank and Emissionshaus Blue Capital, where he held a top management position in the sectors Acquisition, Fund Conception and Asset Management for Europe, the United States and Canada. As of mid-2006 he developed HIH Global Invest as its Managing Director, which firm was responsible for managing the foreign real estate of the Hamburgischen Immobilienhandlung of the Warburg Bank Group.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

A new ambition for Better Places 2030, Unibail-Rodamco-Westfield’s CSR strategy

Better Places 2030 was launched in 2016 and its main objective was to reduce the Group’s carbon emissions by -50% by 2030.

CACI research reveals brands need physical stores to drive online sales

Whilst debate continues about the future of the High Street, research by CACI has revealed the negative impact of closing stores on brands’ online businesses.

First phase of Wembley Park market launches with eclectic brand mix

The brand mix puts emphasis on local makers and eco-friendly retail.

Hyprop’s the Mall of Sofia 12000 sq m extension complete

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000 sq m extension to the Mall of Sofia, Bulgaria.

Designer Outlet Zaragoza appoints Rossy de Palma as brand ambassador

Rossy de Palma, the iconic Spanish actress, is ambassador of the Designer Outlet Zaragoza, the new shopping destination in the North of Spain.

NEINVER reports 8% sales growth across its outlet portfolio in H1 2019

Neinver – a leading investor, developer and operator in the European outlet centre industry and the largest operator in Spain and Poland – has announced that sales across its outlet portfolio grew to €487M during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.