redos extends rental contracts with OBI at ten locations with a total of 115,300 m2 rental space

The retail properties are located in Arnsberg, Bad Segeberg, Bannewitz, Bielefeld, Dreieich, Emden, Hannover-Laatzen, Kassel, Leverkusen and Wiesbaden. The portfolio covers a total rental area of around 115,300 sq m.

The three largest OBI markets rented by redos are located at Eckendorfer Str. 222 in Bielefeld (approx. 15,900 sq m), Friedrich-Bergius-Strasse 20 in Wiesbaden (approx. 14,000 sq m) and Lüneburger Str. 24 in Hanover-Laatzen (13,600 sq m).

“The extension of the leases almost across the board is a strong signal in an economically challenging time. With this, OBI is making a clear statement for the stationary retail trade and is making an impressive commitment to the locations,” says Stephan Tscharntke, Director Leasing at redos. “We are very confident that we will be able to announce positive news about further OBI shops in the near future.

“In addition to the digitalisation of our services, stationary trade is and remains our key business. We are looking forward to continuing to make ‘everything feasible’ for our customers in the ten stores rented from redos in the future. With redos, we have a reliable partner at our side and look forward to continuing our cooperation,” says Peter Tepaß, Chief Officer CE at OBI and Spokesman of the Board of the DIY, Construction and Garden Trade Association (BHB).

redos is part of Redevco. Redevco acquired redos last year as a first step towards creating a pan-European retail warehouse park platform.