Kaufpark Nickern. Credit: redos

redos sells Kaufpark Nickern in Dresden, Germany

The new owner of the shopping center, which is part of the Christie portfolio, is the investor Kurt Krieger.

Kaufpark Nickern in Dresden has a new owner – the investor Kurt Krieger. The property previously belonged to a joint venture between redos and the US investment company Madison International Realty, and was part of the so-called Christie portfolio. At the time of acquisition by the joint venture at the end of 2016, this portfolio comprised four hybrid shopping centers with a total GLA of around 218,000 sq m on the outskirts of Berlin and in Dresden. 

Oliver Herrmann, Managing Director at redos explains, “Following the successful repositioning of the shopping centers in Eiche, Dallgow, and Wust, the sale of Kaufpark Nickern is a further building block in the consistent value creation for the Christie portfolio. We will also take advantage of further such opportunities, as we see considerable potential particularly in terms of densification and land utilization.” To date, Kaufpark Nickern comprises a total GLA of more than 56,000 sq m, with over 75 stores for its approximately 4.5 million visitors. The property also includes around 3,200 parking spaces.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Ikea Westbahnhof Vienna: It will be August 26, 2021

On this day, Ikea Westbahnhof Wien opens its doors after two years of construction. The new omnichannel store with its green facades is completely car-free. Among other things, a roof terrace offers a view over the Austrian capital.

Change in the YIT Management Team

YIT Corporation's Board of Directors has appointed Tuomas Mäkipeska (43, M.Sc. in Economics) as YIT’s Chief Financial Officer and a member of the Group Management Team. He shall take over his position latest at the beginning of February 2022.

M7 signs 1,000 sq m letting with fashion brand, Sinsay, at the Csillag Center in Budapest, Hungary

M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has completed the letting of a significant 1,025 sq m retail unit at the newly refurbished Csillag Center in Budapest, Hungary, to Polish fashion brand, Sinsay, on behalf of M7 CEREF I.

New Centre Manager Appointment at CBRE Global Investors’ Angel Central

CBRE Global Investors announced the recent appointment of Adam Cummins, as the new Centre Manager at leading London leisure and retail destination, Angel Central. He joins the team at Lambert Smith Hampton, appointed by CBRE Global Investors as the managing agents for the destination.

Breuninger expands its presence to Hamburg

In 2023, Stuttgart-based fashion and lifestyle company Breuninger will open a new flagship store in the Westfield Hamburg-Überseequartier district, its first location in northern Germany. As the largest anchor tenant by far in the heart of Hamburg’s HafenCity district, Breuninger will occupy a total area of more than 14,000 square metres in the future. The long- term lease agreement with the project developer and district operator Unibail-Rodamco- Westfield (URW) was signed today in Hamburg.

New Faces at Nepi Rockcastle

The Board has nominated George Aase as Chairman of the Board, effective 18 August 2021. Rudiger Dany has been contracted by the Company from 6 July 2021 and will be appointed as Chief Operations Officer of NEPI Rockcastle effective 18 August 2021.