Real I.S. AG acquires retail centre in Parsdorf near Munich for Real I.S. Grundvermögen

Real I.S. has acquired the fully let retail centre situated on Am Lerchenfeld 3-9 in Parsdorf, near Munich.

The seller of the property, which has a rental area of more than 6,200 sq m, is Activ Center Parsdorf GmbH. The parties have agreed to keep the purchase price confidential.

The retail stores, which opened in 2016, are housed in a block-shaped building with three rental units, mainly on the ground floor. The full-service grocery store “Hit”, which also contains a Chinese restaurant, occupies an area of 3,690 sq m; grocery discounter Aldi, around 1,710 sq m; and drugstore chain Rossmann just under 840 sq m.

The individual stores are connected across the entire width of the building by a covered footpath. The customer car park in front of the building has 170 parking spaces and 72 bicycle spaces.

“The modern retail stores in Parsdorf are the third investment made by Real I.S. Grundvermögen investment fund,” says Jochen Schenk, member of Real I.S. AG’s Board of Management.

The stores are located in Parsdorf’s business park, directly on the A94 motorway and less than five kilometres from Munich’s city limits. There is a direct connection to the A 99 via the east-west bound traffic route, and therefore to north-east bound traffic. In addition, the property has good connections to public transport. Bus route 452 goes to the retail centre, and the “Am Lerchenfeld” bus stop is in the direct vicinity of the building. An express bus line connects the district of Parsdorf directly to Munich.

Parsdorf is part of the Vaterstetten municipality in the district of Ebersberg and is situated in the eastern catchment area of Munich. It has developed into a commercial location of supraregional importance with its wide range of speciality stores, along with fashion and delicatessen outlets.

Real I.S. Grundvermögen investment fund was launched as a real estate portfolio with investments focused on commercial real estate and various usage real estate developments in Germany.

Munich-based Watson Farley & Williams acted as legal advisor to Real I.S. during the transaction and Avison Young in a brokerage capacity.

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