Redos buys Globus supermarket in western Germany

The retail property has a total rental area of around 12,000 sq m. The property, which is around 30,000 sq m in size, includes around 420 parking spaces. It was agreed not to disclose the purchase price. After the former tenant, real,-, moved out, a new lease was concluded with GLOBUS for a fixed term of 20 years. GLOBUS is investing a double-digit million amount in the core renovation of the building.

“The combination of all property and location factors gives us a high level of planning security and makes this investment very promising in the long term,” says Frank Eckervogt, Managing Director | Transactions at redos.