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Credit: Redos Group

Redos Group expands portfolio with purchase of local shopping center in Ebermannstadt

Redos Group has acquired a 4,500 sq m shopping center in Ebermannstadt, Germany. The purchase price was not disclosed.

The new building project at “Oberes Tor 8” is a key driver of retail in Ebermannstadt as it will house both REWE and ALDI. Moreover, the scheme will feature an extensive green space across the entire area, giving the shopping centre a pleasant ambience.

The property is located about 35 km from Nuremberg in the district of Forchheim in Upper Franconia. The retail site has been established for many years and benefits from being directly connected to the pedestrian zone in the town centre. Ebermannstadt is also well located between the nearest cities of Erlangen, Bamberg and Bayreuth. This gives the location a cumulative catchment area of around 70,000 residents.

“With the shopping centre in Ebermannstadt, we have secured a high-footfall property for our special AIF and can again increase the value of our fund. The entire region has a high economic output and, thanks to its easy accessibility, the property is also attractive for the surrounding areas,” said Frank Eckervogt, Managing Director at redos.