Hahn Group launches €500m German retail fund
The Hahn Group has launched its second retail fund with a €500 million ($550 million) target.
Hahn German Retail Fund II invests with a core-plus investment strategy in large German retail properties, such as retail parks, supermarkets and hardware stores.
Hahn German Retail Fund I has been fully invested since the end of 2015 with a gross volume of around €650 million ($720 million).
The German retail market continued to strengthen in first quarter 2016. The low level of the unemployment rate and low interest rates create good conditions for stable consumer spending, according to Cushman & Wakefield’s Germany Retail Market Snapshot First Quarter 2016. However, retail investments decreased from
€4.35 billion ($4.81 billion) in fourth quarter 2015 to €1.54 billion ($1.7 billion) in first quarter 2016.
Space demand from local and overseas retailers remained strong in first quarter 2016. Larg