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

Special Issue “Going Forward!”

This online special will be available as a free download until April 25.

Castellana Properties to invest €15.6 million in expanding its food and leisure offering at Los Arcos

Castellana Properties has acquired a four-storey office building comprising over 4,600 sqm GLA from Aliseda. The building is adjacent to Los Arcos shopping centre and will now form part of an ambitious plan to transform and upgrade this space, with Castellana Properties set to invest a total of €15.6 million.

Finally a new date for Mapic Italy

Reed Midem recently announced that the event will take place on September 14 and 15, 2021 at a new location in Milan–the Superstudio Maxi.

Legal & General reimagines retail

With the much-anticipated reopening of non-essential shops finally here, businesses will be welcoming locals back into their stores. For one street in Poole, the 2021 easing of lockdown is particularly exciting: Poole’s Kingland Crescent has been completely revamped as part of LGIM Real Assets strategy to re-invent and re-position their retail places.

Mallson Polska acquires the EMPIK chain to C.H. Sekunda in Jędrzejów, Poland

The Empik chain will open its store in the region's largest retail and service facility, "Sekunda", in Jędrzejów. The store will occupy 170 sq m of leasable space.

The exhibition of painter Velimir Ilišević opened in Galerija Belgrade

The exhibition of painter Velimir Ilišević entitled „Striking roots“ is opened in the gallery space LAG within Galerija Belgrade. The series of paintings is a summary of Ilišević’s reflections on painting, while the choice of motifs symbolizes development and indicates his future achievements.