Corestate has acquired 24 separate retail properties in top shopping locations of pedestrian areas in medium-sized German cities such as Dresden, Essen, Heilbronn and Kaiserslautern. The assets have been acquired in individual transactions and structured in a new portfolio, totaling €210 million ($250 million) in value.
Comprising a total of approximately 970,000 square feet, the properties are very diversified in regard to location, building type and tenants.
The retail market was the second-most popular asset class during the first half of 2017, according to Colliers International. The asset class continues to be so popular because it offers more advantageous conditions than other segments, including long lease terms, less volatility, comparatively high cash flow and limited supply in certain locations that can only be added to minimally due to increasingly stricter planning restrictions.
German retail assets posted €5.7billion ($tk billion) in transactio
