Deutsche Investment Sets up Retail Warehouse Portfolio, Acquiring further Grocery Retail Location

Hamburg, 10 September 2020 – Deutsche Investment just acquired a grocery retail location with a lettable floor area of around 1,968 sqm in the town of Neuenbürg (Baden-Württemberg) for its latest separate asset pool, “Deutsche Investment – Food Retail I.” The property, which was built in 2009, is occupied by an Aldi Süd food discount supermarket and a bakers’ store that includes a café with indoor and outdoor seating, which has been operated by Bäckerei & Konditorei Raisch since March 2020. The Aldi outlet was expanded in 2015 and is in excellent repair. As combination site across from a big box strip mall that is anchored by a “dm” drug store, the property benefits from synergy effects and from its close proximity to surrounding residential and commercial areas. The very well-appointed property was taken over from a private seller, the transfer of benefits and burdens already took place. The two parties agreed not to disclose the selling price.

The “Deutsche Investment – Food Retail I” special property fund was launched in February 2020, and focuses on grocery retail locations everywhere in Germany. The transaction, asset and property management will be handled by DIR Deutsche Investment Retail GmbH. In order to keep attractive future investment opportunities lined up for our investors, assets in an aggregate volume of c. EUR 65 million are either undergoing their due diligence investigations or have already had their deeds notarised.

“From an opportunity-risk angle, the food retail sector remains the most attractive segment in retail real estate. This is particularly true for grocery retail centres and retail warehouse parks where the footfall is ensured by an anchor tenant from the food sector and a supplementary drugstore or a bakery shop,” said Susanne Klaussner, Managing Director of DIR Deutsche Investment Retail GmbH. “For our first investment fund in the grocery retail segment, we seek a tenant mix of high-net-worth grocers and retail warehouse tenants, plus some local tenants that complement the line-up. With its anchor tenants and the multiplication effects generated by the combination site, the retail warehouse in Neuenbürg is a particularly attractive asset for our retail warehouse portfolio.”

Deutsche Investment was legally advised on the transaction by the law firm BISSEL + PARTNER Rechtsanwälte PartGmbB while the technical due diligence investigation was conducted by Gleeds Deutschland GmbH.

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Deutsche Investment Sets up Retail Warehouse Portfolio, Acquiring further Grocery Retail Location

Hamburg, 10 September 2020 – Deutsche Investment just acquired a grocery retail location with a lettable floor area of around 1,968 sqm in the town of Neuenbürg (Baden-Württemberg) for its latest separate asset pool, “Deutsche Investment – Food Retail I.” The property, which was built in 2009, is occupied by an Aldi Süd food discount supermarket and a bakers’ store that includes a café with indoor and outdoor seating, which has been operated by Bäckerei & Konditorei Raisch since March 2020. The Aldi outlet was expanded in 2015 and is in excellent repair. As combination site across from a big box strip mall that is anchored by a “dm” drug store, the property benefits from synergy effects and from its close proximity to surrounding residential and commercial areas. The very well-appointed property was taken over from a private seller, the transfer of benefits and burdens already took place. The two parties agreed not to disclose the selling price.

The “Deutsche Investment – Food Retail I” special property fund was launched in February 2020, and focuses on grocery retail locations everywhere in Germany. The transaction, asset and property management will be handled by DIR Deutsche Investment Retail GmbH. In order to keep attractive future investment opportunities lined up for our investors, assets in an aggregate volume of c. EUR 65 million are either undergoing their due diligence investigations or have already had their deeds notarised.

“From an opportunity-risk angle, the food retail sector remains the most attractive segment in retail real estate. This is particularly true for grocery retail centres and retail warehouse parks where the footfall is ensured by an anchor tenant from the food sector and a supplementary drugstore or a bakery shop,” said Susanne Klaussner, Managing Director of DIR Deutsche Investment Retail GmbH. “For our first investment fund in the grocery retail segment, we seek a tenant mix of high-net-worth grocers and retail warehouse tenants, plus some local tenants that complement the line-up. With its anchor tenants and the multiplication effects generated by the combination site, the retail warehouse in Neuenbürg is a particularly attractive asset for our retail warehouse portfolio.”

Deutsche Investment was legally advised on the transaction by the law firm BISSEL + PARTNER Rechtsanwälte PartGmbB while the technical due diligence investigation was conducted by Gleeds Deutschland GmbH.

Download the Press Release als PDF File

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