AEW has acquired a high-quality supermarket in Frankfurt that is fully let on a long-term lease to REWE on behalf of a separate account mandate to invest in core real estate in Germany on behalf of a German pension fund.
Completed in 2017, the modern retail property comprises 3,100 square meters (33,368 square feet) of space fronted by 90 car parking spaces. It benefits from strong long-term income security, offering an average remaining lease term (WAULT) of approximately 11 years.
REWE, which has occupied the property since 2017, is one of Germany’s leading food retail chains, operating more than 3,800 stores across Germany, offering a broad range of products and services.
The asset, originally established as a retail location in 1972, is located in the western part of Frankfurt’s Eckenheim district, about 5 kilometers (3.1 miles) northeast of the city center. Positioned between Jean-Monnet-Straße and Karl-von-Drais-Straße, the asset is strategically po
