Image: Blank Real Estate
Investment

Retail park in Amberg, Bavaria under the hammer

The Hahn Group has acquired a retail park in Amberg, Bavaria, for the institutional Hahn German Retail Fund II.

The Fund acquired the retail property for around €26 million. The seller was a local real estate portfolio holder. Retail park Amberg has a leasable area of around 16,500 sq m. Kaufland and MediaMarkt are the retail property’s long-term tenants. Built in 1999, the 58,800-sq-m area offers around 800 ground-level parking spaces for its customers and visitors.

The retail park is located on the southeastern outskirts of Amberg, in a commercial area directly on the main road, which also acts as the inner-city’s main traffic axis. With its large catchment area, the property has established itself as a leading location for grocery shopping in Amberg. A directly adjacent big-box agglomeration and other nearby bog-box retail establishments also create synergies that have a lasting positive effect on tenants’ visitor frequencies.

With this acquisition, Hahn German Retail Fund II is further expanding its real estate portfolio. The open special AIF has a target volume of up to €500 million and invests in large German retail properties like retail parks, hypermarkets, warehouse stores, and DIY stores.

Follow ACROSS

Download

fb-art 150

Share this article

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

Investment MORE

Evolve Estates acquires Three Spires shopping center in Lichfield

Evolve Estates has acquired a prime open-air shopping center in the heart of Lichfield in England, its biggest retail acquisition of 2022.

Altera acquires local shopping center Het Stroink

Altera Vastgoed has acquired off-market local shopping center Het Stroink in Enschede (NL) from WP Retail Invest CV (“WPRI”). The center has recently been renovated by WPRI to create a retail complex with a pharmacy, a medical center, three primary schools, a nursery and a petrol station.

LaSalle acquires £600m UK designer outlet portfolio

LaSalle Investment Management has acquired two outlet centers in the United Kingdom, McArthurGlen Designer Outlet Cheshire Oaks and McArthurGlen Designer Outlet Swindon, for £600 million from Nuveen Real Estate.

Mitiska REIM acquires retail center in Beek (NL)

Mitiska REIM announced the acquisition of Makado Beek retail center from Syntrus Achmea, on behalf of the First Retail International 2 Fund (FRI 2) and in partnership with local co-investment partner and asset manager 3W Real Estate. It is one of the largest retail centers in the Netherlands, attracting over 3 million visitors per year.

Union Investment acquires Planetencenter from Savills

Union Investment has acquired the retail park Planetencenter for the UII GermanM special real estate fund from the seller Savills Investment Management.

KGAL acquires Charles Square Center in Prague

KGAL has acquired the Charles Square Center in Prague with retail, office space, gastronomy, and healthcare for a pan-European special AIF. The downtown retail and office complex with a total of nearly 20,000 sq m of leasable space has a number of international tenants. The seller of the property was Commerz Real.