Hatric retail park, Hartberg, Austria. Credit: Union Investment
Investment

Retail Parks in Germany and Austria

Selected projects from the portfolio of Union Investment.

Beckhaus Center, Bielefeld, Germany

4.800 sq m useful area

The modern retail park on Beckhausstraße offers 4,800 sq m of rental space and 193 parking spaces and is fully let. The two anchor tenants are Rewe and Aldi, who together occupy around 90 per cent of the space. The Beckhaus Center has been constructed in an established location with a decades-long retail heritage and is approximately two kilometres from the center of Bielefeld. Beckhausstraße connects the city center with the residential areas to the north. Union Investment estimates that the property’s catchment area comprises around 26,000 people. The headquarters of Miele and the municipal utility company Stadtwerke Bielefeld are in the immediate vicinity of the Beckhaus Center.

Beckhaus Center, Bielefeld, Germany. Credit: Union Investment

Breisgau Center retail park, Freiburg, Germany

16.632 sq m useful area

The Breisgau Center in Freiburg’s Haid district has a broad range of tenants. In addition to the anchor tenants Real and Adler, the park offers a variety of shopping options and an extensive range of services in 18 other retail units. The Breisgau Center has around 950 free parking spaces for its customers in a large outdoor car park. Restaurants, leisure facilities and a car dealership in the immediate vicinity also provide high traffic to the area. The Breisgau Center is in south-west Freiburg. The convenient location close to the B 3 federal road in the industrial area of Haid, an established retail location, attracts numerous customers from the region. The proximity to Munziger Strasse station provides good links to public transport.

Breisgau Center retail park, Freiburg, Germany. Credit: Union Investment

Eidelstedt retail park, Hamburg, Germany

14.672 sq m useful area

Eidelstedt retail park boasts an attractive tenant mix and is part of an ideally located commercial area close to Hamburg city center. The property’s tenants include an Edeka supermarket, Smyths Toys, a beneFit Fitness gym and the specialist technology shop Rudolf Sievers. There are other commercial establishments close to the retail park, including a fast food restaurant, a DIY store and a car dealership. The retail park is in Hamburg’s Eidelstedt district in the north-west of the city. The A 7 and A 23 motorways intersect in the immediate vicinity of the property, providing the building with excellent road traffic links. Hörgensweg AKN train station is also immediately opposite the retail park.

Eidelstedt retail park, Hamburg, Germany. Credit: Union Investment

Hatric retail park, Hartberg, Austria

15.996 sq m useful area

The modern Hatric retail park comprises two buildings, each of which consists of an L-shaped, single-storey structure. The retail park offers customers a diverse tenant mix, with 26 retail units in total. In addition to national and international fashion retailers, tenants including DM and Müller attract footfall to the shopping center. The railway station and a bus stop are just a few minutes away and offer excellent transport links. Hatric retail park is located in south-east Austria on the eastern fringes of the district capital, Hartberg. The north-east of the park links to the retail park agglomeration of Hartberg Ost. The property can be easily reached via the B50 trunk road and also by the Citybus, which runs at hourly intervals.

Hatric retail park, Hartberg, Austria. Credit: Union Investment

Seerose retail park, Eschborn, Germany

7.057 sq m useful area

Seerose retail park is part of Camp Phönix Park, a popular commercial area in Eschborn with a clear retail focus. The property’s tenants include creditworthy chains such as Aldi, Rewe and Fressnapf. Other commercial establishments in the immediate vicinity, including in particular furniture stores, make the site more attractive and also bring high visitor numbers to the area. Seerose retail park is in Eschborn, a city in the Frankfurt region known for its prominent commercial parks. The L 3005 provides the property with direct links to the A 5 and A 66, allowing regional customers in the economically strong Rhine–Main area to reach the site with ease.

Seerose retail park, Eschborn, Germany. Credit: Union Investment

Traisencenter retail park, St. Pölten, Austria

16.087 sq m useful area

Traisencenter retail park is notable for its broad mix of tenants. Occupiers include national and international fashion brands like New Yorker as well as major chains such as McDonald’s and Dänisches Bettenlager. Traisencenter provides around 530 customer parking spaces. There are also other retail stores and large industrial and commercial outlets in the immediate vicinity of the property, including a Möbelix furniture store. Traisencenter retail park is located in the north-east of St. Pölten, the capital of Lower Austria. The city has increasingly become the commercial and cultural center of the region since being designated the state capital in 1986.

Traisencenter retail park, St. Pölten, Austria. Credit: Union Investment
Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Investment MORE

Union Investment Special: Retail Parks

Hidden Stars: Why retail parks become increasingly popular among investors, developers, and customers.

“We see ourselves as an active asset manager”

Union Investment currently counts 13 retail parks in its portfolio. Henrike Waldburg, Head of Investment Management Retail, and Roman Müller, Investment Manager Retail, explain how they manage their performance.

Where Are Retail Parks Heading?

At the beginning of October, Union Investment and ACROSS invited leading industry experts to Hamburg to discuss the present as well as the future of retail parks. The following is a brief review.

IMMOFINANZ turns net profit significantly positive with EUR 217.5 million in 2018

IMMOFINANZ significantly strengthened its earning power during the 2018 financial year:

Mitiska REIM Forms Joint Venture with Karuzela Holding

Mitiska REIM has recently announced a strategic partnership with Karuzela Holding. Under the terms of the agreement, the two companies will form a joint venture in Poland, and Mitiska REIM’s FRI 2 fund will acquire a 50% holding in two retail parks and two gallerias owned by Karuzela, comprising a total GLA of 35,600 sq m, and both parties will co-develop four additional projects, comprising a total GLA of approximately 60,000 sq m.

Sierra Balmain Joint Venture | Servicing 15 Retail Properties in 15 Polish Cities

Sonae Sierra has acquired a 50% stake in Balmain Asset Management Group’s Central European platform. Balmain has operated for over 15 years in Poland.