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Credit: Hahn Group

Hahn Group acquires local supply center in Bad Segeberg

Hahn Group has acquired a retail agglomeration in Bad Segeberg, Schleswig-Holstein (Germany), for the institutional real estate fund HAHN German Retail Fund IV.

The retail property, built in 2004 and extended in 2021, is located to the southeast of Bad Segeberg town center, in a convenient location with pedestrian public transportation links. The two tenants are an EDEKA supermarket and a Rossmann drugstore. The fully leased property with a rental area of 3,500 sq m is located on an area of approx. 11,200 sq m with over 150 parking spaces. The weighted lease term (WAULT) is 12.6 years.

The location has been established as a local supply center for many years. It also benefits from synergy effects from an adjacent discount food store. The immediate vicinity is characterized by residential development. In the northern area of the property, planning has also begun for a new development area.

The retail property was sold by Danish investor K/S Christiansfelde, represented by Schou & Partners A/S. The law firms JP Eickhoff & Stoppel, Cologne, and Rotthege/Wassermann, Dusseldorf, acted as advisors in the transaction. The parties agreed not to disclose the purchase price. The institutional real estate fund of the Hahn Group invests with a target volume of 200 million euros in large-scale retail properties, including retail parks, hypermarkets, hypermarkets and DIY stores.