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Wasgau Markt in Simmern was built in 2016. Credit: Habona Invest.

Habona buys local shopping portfolio in Germany for over €17 million

Frankfurt-based Habona Invest has acquired a portfolio consisting of four local shopping properties with a total investment volume of over €17 million for its closed-end mutual fund Habona Deutsche Einzelhandelsimmobilien Fonds 07.

The four properties with a total leasable area of around 6,000 sq m and the long-term anchor tenants Netto and Wasgau are located in Rhineland-Palatinate (Simmern) and Bavaria (Steinfeld, Pressath and Gotteszell). 

At the already established locations in Bavaria, new Netto buildings will be constructed in the coming months. The average lease term of the portfolio is over 13 years. 

All locations are easily accessible thanks to their location on main roads. All in all, the four properties provide a daily supply for more than 20,000 people in the catchment areas.